Schools ride high stock, VC returns to 15% gain

Beaumont Tower, Michigan State University
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Investments by academic institutions did well in 2014, boosting long-term performance records hit during the financial crisis.

College and university endowments gained an average of 15.5 percent net of fees in fiscal 2014, up from 11.7 percent for 2013, according to final data from 832 U.S. colleges and universities compiled by school association NACUBO and investment manager Commonfund. The 2014 fiscal year ran from July 1, 2013, to June 30, 2014.

Domestic equities generated the highest return (22.8 percent), followed by international equities (19.2 percent). Alternative strategies—including hedge, private equity and venture capital funds—returned 12.7 percent. Fixed income investments returned 5.1 percent.