Study: Educational Endowments' Investment Returns Averaged 15.5 Percent in FY2014

Among allocations to alternative investment strategies for the Study population as a whole, the largest allocation, at 18 percent, was to marketable alternatives, followed by private equity at 11 percent. Other allocations were: energy and natural resources and private equity real estate (non-campus), at 6 percent each; venture capital, at 4 percent; distressed debt, at 2 percent; and commodities and managed futures, at 1 percent.