Twelve largest public university endowments Investment return ranking – One year returns FY 2012:
The clear winner is University of Virginia, with a very good 5.1% return. This is especially impressive when we note that five of our twelve state schools had negative returns, including the giant University of California system, with a dismal -1.10%. After all, as the media keep telling us, we are now enjoying an economic recovery.
This should be gratifying for Lawrence E. Kochard who took over as head of the University of Virginia Investment Management Company (UVIMCO) in the middle of FY 2011, and reflects well on the UVIMCO board who hired him away from Georgetown University. FY 2012 performance can properly be credited to Kochard but, as we shall see below, the UVIMCO team also did well under his predecessor, Christopher Brightman.
Harkening back to our original Private Ivy rankings for 2012, we also see that UV’s performance beat all but three of the privates. UV topped Harvard, Yale and Princeton, and was surpassed only by MIT (8.0%), Chicago (6.8%), and Dartmouth (5.8%).