The University of Florida’s (UF) endowment, with a value of $2.3 billion, returned a net yield of 5.2 percent for the fiscal year that ended on June 30, 2023, underperforming its 8.1 percent benchmark (CPI + 5 percent).
During the past three, five and 10 years, UF’s endowment has generated net annualized returns of 9.5 percent, 7.8 percent and 7.4 percent, respectively, compared with those time periods’ respective benchmarks of 11 percent, 9.1 percent and 7.8 percent.
In the school’s annual performance report was a statement reading, “The Endowment’s long-term focus and significant allocation to private strategies, which underperformed public equities in [the] most recent year, drove relative performance.”
The report added, “Private strategies have historically outperformed public equities and contributed significant performance to the Endowment return with the exception of the most recent fiscal year.”
