Hedge fund gains similar to 2010 among endowments, says Commonfund


The 2011 NACUBO-Commonfund Study of Endowments found that the average portfolio returned 19.2% net of fees for the fiscal year, while volatility crept in and challenged returns over the second half of the 2011.

These gains exceed the 12% returns reported in the 2010 survey. Data gathered from 823 US colleges and universities with combined assets of $408 billion showed endowment returns under pressure in late 2011, but the average allocation to hedge funds among endowments with more than $500 million in assets stands at 20% and is likely unchanged from the previous year.

Alternative strategies make up