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Post by longtimebooster on Feb 10, 2017 15:00:56 GMT -8
According to one commentator, university presidents pay closer attention to their endowment investment returns vis-a-vis other colleges than who does or doesn't make the Final Four. 2016 was a dismal year for university investors, who collectively clocked in at -1.9%. Harvard with its massive $35b fund, registered -5.6%, draining some $2b from its coffers. SDSU, on the other hand was among the highest performing endowments with a 5.1% return. That's a full 10% above the eggheads at Harvard, and 7 pts. higher than the mean. SDSU clocks in with the No. 238th largest endowment at $219m. www.nacubo.org/Documents/EndowmentFiles/2016-Endowment-Market-Values.pdf |
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Post by AzTex on Feb 10, 2017 15:27:50 GMT -8
According to one commentator, university presidents pay closer attention to their endowment investment returns vis-a-vis other colleges than who does or doesn't make the Final Four. 2016 was a dismal year for university investors, who collectively clocked in at -1.9%. Harvard with its massive $35b fund, registered -5.6%, draining some $2b from its coffers. SDSU, on the other hand was among the highest performing endowments with a 5.1% return. That's a full 10% above the eggheads at Harvard, and 7 pts. higher than the mean. SDSU clocks in with the No. 238th largest endowment at $219m. www.nacubo.org/Documents/EndowmentFiles/2016-Endowment-Market-Values.pdfBig time congratulations to whoever is managing the SDSU endowment. In the current market that's a great return for the investment criteria that they must follow. I can't imagine what Harvard must to have done to generate that kind of negative return. I'm sure someone is looking for a new job. |
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Post by Montezumas Revenge 88 on Feb 10, 2017 15:35:57 GMT -8
According to one commentator, university presidents pay closer attention to their endowment investment returns vis-a-vis other colleges than who does or doesn't make the Final Four. 2016 was a dismal year for university investors, who collectively clocked in at -1.9%. Harvard with its massive $35b fund, registered -5.6%, draining some $2b from its coffers. SDSU, on the other hand was among the highest performing endowments with a 5.1% return. That's a full 10% above the eggheads at Harvard, and 7 pts. higher than the mean. SDSU clocks in with the No. 238th largest endowment at $219m. www.nacubo.org/Documents/EndowmentFiles/2016-Endowment-Market-Values.pdfAccording to the Campanile Foundation's investment report, the University's endowment was pegged at roughly 228 million in December 2016. When I started school at State in early 2012, it was roughly 135 million: newscenter.sdsu.edu/tcf/files/07506-Investment_Summary_December_2016.pdfThis means that for the past 5 years, SDSU's endowment has been growing at approximately 20-25 million per year.
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Post by longtimebooster on Feb 10, 2017 15:43:35 GMT -8
According to one commentator, university presidents pay closer attention to their endowment investment returns vis-a-vis other colleges than who does or doesn't make the Final Four. 2016 was a dismal year for university investors, who collectively clocked in at -1.9%. Harvard with its massive $35b fund, registered -5.6%, draining some $2b from its coffers. SDSU, on the other hand was among the highest performing endowments with a 5.1% return. That's a full 10% above the eggheads at Harvard, and 7 pts. higher than the mean. SDSU clocks in with the No. 238th largest endowment at $219m. www.nacubo.org/Documents/EndowmentFiles/2016-Endowment-Market-Values.pdfBig time congratulations to whoever is managing the SDSU endowment. In the current market that's a great return for the investment criteria that they must follow. I can't imagine what Harvard must to have done to generate that kind of negative return. I'm sure someone is looking for a new job. Harvard bet big on hedge funds. In one article I read, Harvard was looking to "reorganize" its endowment investing team. |
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Post by badfish on Feb 10, 2017 15:48:13 GMT -8
According to one commentator, university presidents pay closer attention to their endowment investment returns vis-a-vis other colleges than who does or doesn't make the Final Four. 2016 was a dismal year for university investors, who collectively clocked in at -1.9%. Harvard with its massive $35b fund, registered -5.6%, draining some $2b from its coffers. SDSU, on the other hand was among the highest performing endowments with a 5.1% return. That's a full 10% above the eggheads at Harvard, and 7 pts. higher than the mean. SDSU clocks in with the No. 238th largest endowment at $219m. www.nacubo.org/Documents/EndowmentFiles/2016-Endowment-Market-Values.pdfAccording to the Campanile Foundation's investment report, the University's endowment was pegged at roughly 228 million in December 2016. When I started school at State in early 2012, it was roughly 135 million: newscenter.sdsu.edu/tcf/files/07506-Investment_Summary_December_2016.pdfThis means that for the past 5 years, SDSU's endowment has been growing at approximately 20-25 million per year.
That's a lot of margaritas |
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Post by longtimebooster on Feb 10, 2017 15:49:12 GMT -8
According to one commentator, university presidents pay closer attention to their endowment investment returns vis-a-vis other colleges than who does or doesn't make the Final Four. 2016 was a dismal year for university investors, who collectively clocked in at -1.9%. Harvard with its massive $35b fund, registered -5.6%, draining some $2b from its coffers. SDSU, on the other hand was among the highest performing endowments with a 5.1% return. That's a full 10% above the eggheads at Harvard, and 7 pts. higher than the mean. SDSU clocks in with the No. 238th largest endowment at $219m. www.nacubo.org/Documents/EndowmentFiles/2016-Endowment-Market-Values.pdfAccording to the Campanile Foundation's investment report, the University's endowment was pegged at roughly 228 million in December 2016. When I started school at State in early 2012, it was roughly 135 million: newscenter.sdsu.edu/tcf/files/07506-Investment_Summary_December_2016.pdfThis means that for the past 5 years, SDSU's endowment has been growing at approximately 20-25 million per year.
There are inflows (donations) and outflows (expenditures) in any endowment, so not sure if that's indicative of SDSU's actual returns over 5 years. However, you can go to a table and see 3-, 5-, and 10-year returns for any endowment. I was too lazy to dig into this. And I remember when SDSU first got serious about its endowment. The old accounting professor Dr. Bailey led the charge. I think in the mid-'90s SDSU only had $20m. |
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Post by biotec on Feb 10, 2017 15:50:46 GMT -8
Regardless of the exact size, it's good to be well endowed.
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Post by Montezumas Revenge 88 on Feb 10, 2017 15:58:57 GMT -8
According to the Campanile Foundation's investment report, the University's endowment was pegged at roughly 228 million in December 2016. When I started school at State in early 2012, it was roughly 135 million: newscenter.sdsu.edu/tcf/files/07506-Investment_Summary_December_2016.pdfThis means that for the past 5 years, SDSU's endowment has been growing at approximately 20-25 million per year.
That's a lot of margaritas And Real 100% only the finest pure Agave tequila Margaritas at that!  |
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Post by obboy13 on Feb 10, 2017 16:50:53 GMT -8
According to one commentator, university presidents pay closer attention to their endowment investment returns vis-a-vis other colleges than who does or doesn't make the Final Four. 2016 was a dismal year for university investors, who collectively clocked in at -1.9%. Harvard with its massive $35b fund, registered -5.6%, draining some $2b from its coffers. SDSU, on the other hand was among the highest performing endowments with a 5.1% return. That's a full 10% above the eggheads at Harvard, and 7 pts. higher than the mean. SDSU clocks in with the No. 238th largest endowment at $219m. www.nacubo.org/Documents/EndowmentFiles/2016-Endowment-Market-Values.pdfAccording to the Campanile Foundation's investment report, the University's endowment was pegged at roughly 228 million in December 2016. When I started school at State in early 2012, it was roughly 135 million: newscenter.sdsu.edu/tcf/files/07506-Investment_Summary_December_2016.pdfThis means that for the past 5 years, SDSU's endowment has been growing at approximately 20-25 million per year.
...and that my amigo is a boatload of margaritas. |
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Post by NYCaztec on Feb 10, 2017 17:47:35 GMT -8
According to one commentator, university presidents pay closer attention to their endowment investment returns vis-a-vis other colleges than who does or doesn't make the Final Four. 2016 was a dismal year for university investors, who collectively clocked in at -1.9%. Harvard with its massive $35b fund, registered -5.6%, draining some $2b from its coffers. SDSU, on the other hand was among the highest performing endowments with a 5.1% return. That's a full 10% above the eggheads at Harvard, and 7 pts. higher than the mean. SDSU clocks in with the No. 238th largest endowment at $219m. www.nacubo.org/Documents/EndowmentFiles/2016-Endowment-Market-Values.pdfAll I gathered from your post was that some dumbass ivy leaguers lost 10x our entire endowment. #harvardchumpchange |
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Post by Frantic on Feb 10, 2017 18:31:45 GMT -8
According to one commentator, university presidents pay closer attention to their endowment investment returns vis-a-vis other colleges than who does or doesn't make the Final Four. 2016 was a dismal year for university investors, who collectively clocked in at -1.9%. Harvard with its massive $35b fund, registered -5.6%, draining some $2b from its coffers. SDSU, on the other hand was among the highest performing endowments with a 5.1% return. That's a full 10% above the eggheads at Harvard, and 7 pts. higher than the mean. SDSU clocks in with the No. 238th largest endowment at $219m. www.nacubo.org/Documents/EndowmentFiles/2016-Endowment-Market-Values.pdfGreat news, or not. In 2016, the S&P was up 9.85% (12.5% including dividends). The Dow returned 13.5% (16.5% including dividends). A monkey with a Schwab account could've invested in SPY and earned more than twice the SDSU money managers. (And I assume the SDSU money managers got the standard 1% fee, which means SDSU paid about $2.2M to earn the 5.1%). |
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Post by fowl on Feb 10, 2017 22:34:48 GMT -8
According to one commentator, university presidents pay closer attention to their endowment investment returns vis-a-vis other colleges than who does or doesn't make the Final Four. 2016 was a dismal year for university investors, who collectively clocked in at -1.9%. Harvard with its massive $35b fund, registered -5.6%, draining some $2b from its coffers. SDSU, on the other hand was among the highest performing endowments with a 5.1% return. That's a full 10% above the eggheads at Harvard, and 7 pts. higher than the mean. SDSU clocks in with the No. 238th largest endowment at $219m. www.nacubo.org/Documents/EndowmentFiles/2016-Endowment-Market-Values.pdfGreat news, or not. In 2016, the S&P was up 9.85% (12.5% including dividends). The Dow returned 13.5% (16.5% including dividends). A monkey with a Schwab account could've invested in SPY and earned more than twice the SDSU money managers. (And I assume the SDSU money managers got the standard 1% fee, which means SDSU paid about $2.2M to earn the 5.1%). University endowments have a June year end and the numbers presented are based on June '15 to June '16. Also keep in mind they don't have a 100% allocation to public equities. They will invest in public equities, private equity, fixed income, commodities, real estate, farmland, timberland, etc. |
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Post by fowl on Feb 10, 2017 22:45:32 GMT -8
Big time congratulations to whoever is managing the SDSU endowment. In the current market that's a great return for the investment criteria that they must follow. I can't imagine what Harvard must to have done to generate that kind of negative return. I'm sure someone is looking for a new job. Harvard bet big on hedge funds. In one article I read, Harvard was looking to "reorganize" its endowment investing team. Harvard has allocations to outside hedge funds but it also has had an internal unit that is in effect a hedge fund that invests in public equities and fixed income. Their public equities team has had a very good record historically despite being market neutral and has spawned several great managers. That is what they are doing away with which is a shame because it is a total reactionary move based mostly on pressure they have received from outsiders who have criticized the compensation of these people. |
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Post by longtimebooster on Feb 11, 2017 4:40:45 GMT -8
Harvard bet big on hedge funds. In one article I read, Harvard was looking to "reorganize" its endowment investing team. Harvard has allocations to outside hedge funds but it also has had an internal unit that is in effect a hedge fund that invests in public equities and fixed income. Their public equities team has had a very good record historically despite being market neutral and has spawned several great managers. That is what they are doing away with which is a shame because it is a total reactionary move based mostly on pressure they have received from outsiders who have criticized the compensation of these people. Yes, I didn't want to get into all that. And the Harvard Endowment has been a juggernaut over the past 2 or 3 decades. There's a reason the Endowment is larger than the operating budget for the state of Mass. And I believe one of the fund managers was making $100m per year a few years back. |
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Post by longtimebooster on Feb 11, 2017 4:42:49 GMT -8
According to one commentator, university presidents pay closer attention to their endowment investment returns vis-a-vis other colleges than who does or doesn't make the Final Four. 2016 was a dismal year for university investors, who collectively clocked in at -1.9%. Harvard with its massive $35b fund, registered -5.6%, draining some $2b from its coffers. SDSU, on the other hand was among the highest performing endowments with a 5.1% return. That's a full 10% above the eggheads at Harvard, and 7 pts. higher than the mean. SDSU clocks in with the No. 238th largest endowment at $219m. www.nacubo.org/Documents/EndowmentFiles/2016-Endowment-Market-Values.pdfGreat news, or not. In 2016, the S&P was up 9.85% (12.5% including dividends). The Dow returned 13.5% (16.5% including dividends). A monkey with a Schwab account could've invested in SPY and earned more than twice the SDSU money managers. (And I assume the SDSU money managers got the standard 1% fee, which means SDSU paid about $2.2M to earn the 5.1%). Actually, the top-performing Endowment was from some small school that invested solely in low-cost index funds. |
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Post by Frantic on Feb 11, 2017 8:27:38 GMT -8
University endowments have a June year end and the numbers presented are based on June '15 to June '16. Also keep in mind they don't have a 100% allocation to public equities. They will invest in public equities, private equity, fixed income, commodities, real estate, farmland, timberland, etc. Ahhh. I didn't realize they worked off a different fiscal year. And you make a good point on the different investments. With that much money you must spread the risk around and not simply drop it all in the market. |
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Post by biotec on Feb 11, 2017 10:00:41 GMT -8
Do a lot of shopping on Amazon? Want a super easy way to donate to SDSU? Go to smile.amazon.com and search for "San Diego State University Foundation" If you select this and do all your Amazon ordering from smile.amazon.com, Amazon will donate 0.5% of your purchases to SDSU. Yes, there are a LOT of other worthy charities that you could also select. Doesn't sound like much but it adds up. |
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