The Washington University Investment Management Co. (WUIMC), which manages the Managed Endowment Pool (MEP) for Washington University, reported a –2.3 percent return for the fiscal year that ended on June 30, 2023, underperforming the Global 70/30 Stock/Bond benchmark of 10.8 percent.
Over the past three, five and 10 years, the MEP has generated net annualized returns of 13 percent, 11.2 percent and 9.4 percent, respectively, each outperforming their respective 70/30 benchmarks of 6.1 percent, 5.2 percent and 6.2 percent.
In his commentary on the fiscal year, CIO Scott Wilson wrote, “As with any other year, we remain focused on investing the university’s capital in a manner that will increase WashU’s financial resources over the long term.”
“We have noted for the past few years that the outlook for future investment returns is uncertain and may be less favorable than in previous years,” Wilson continued. “Fortunately, we are investing capital on