Endowment Investment Management and Performance
The Investment Policy states that a target allocation of 70 percent equities and 30 percent bonds will represent the overall portfolio strategy. Within this allocation, the Foundation holds funds through a variety of managers. Each quarter the Board reviews the performance and trends.
University Foundation, CSU, Chico 2006 Endowment Fund Allocation
- Fixed Income & Bonds—18%
- Capital Preservation—10%
- Large Cap—17%
- Mid Cap—15%
- Small Cap—10%
- International Equity—12%
- Real Estate—1%
- Private & Special Equity—17%
Investment Performance
Endowment Allocation & Investment Performance
| FY 05–06 | Allocation | 1 Year | 3 Years Annualized |
|---|---|---|---|
| Endowment's Equities | 70% | +15.1 | +15.5 |
| Endowment's Bonds | 30% | +3.2 | +5.5 |
| Total | 100% | +11.8% | +12.5% |
Assisted by the professional counsel of Arnerich-Massena & Associates (Portland, Ore.), the Finance and Investment Committee exercises a diligent approach to a long-term investment strategy, reporting to the Board of Governors at each meeting. Common benchmark indices are tracked to provide a relative comparison of performance and risk. Additionally, each year the Foundation reviews the performance and investment strategies of similar institutions. This process has helped the Foundation maintain prudent management and attractive returns.
