
PE allocation boosts Oxford University returns
Oxford University’s Endowment Fund (OEF) says strong private equity fund performance helped it outperform its benchmark.
The fund saw a 10.7% return in 2011, against a custom benchmark, provided by Cambridge Associates, which had a return of -10.6%.
OEF says private equity was a strong returner, and it had upped its allocation from 8% to 13% last year. It's private equity portfolio has seen a net IRR since inception of 11.7%.
The fund has benefited from significant cash distributions last year as its portfolio began to mature.
New investments have been focused on emerging markets, small companies and high-growth strategies.
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