The UC San Diego Foundation, which runs $1.6bn, topped the performance charts with a 15.5% gain in the year to mid-2024 as smaller endowments outperformed their bigger peers.
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“Since late 2022, public large-cap equities in the US have been the performance leaders, spurred by exceptional gains for large technology corporations at the forefront of the AI revolution,” said NEPC, which compiled the annual ranking.
“This trend has been of great value to smaller and mid-sized endowments with higher US large-cap exposure.”
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