Over the past year, Trinity’s endowment experienced remarkable growth, increasing its total market value by $50 million net of spending as a result of positive performance and gifts in cash of approximately $9 million. Our endowment had an investment return of 15.8 percent, outpacing our peers among which even the largest endowments saw returns between 11-13 percent. Equity markets soared over the period, and our global equities and hedge fund investments were decisive performers within the portfolio.
A look at Trinity’s 25 year growth history clearly shows that generous philanthropy, intelligent investing, and prudent spending contributed to significant gains over this period. More recently, the College’s investment manager, Investure, continues to focus on maintaining a comfortable level of liquidity in the portfolio and searching for opportunistic investments that have asymmetrical upside potential while limiting downside risk to complement core investments within the portfolio. Investure also continues to keep a close eye on the changing global economic landscape. The College administration has continued its prudent spending policy since the 2009 market collapse by consistently keeping annual spending under 5 percent of the endowment's market value.
Trinity administrators believe that diversification is paramount to safeguarding Trinity’s capital and maximizing returns. The investment committee’s mandate that, “a thoughtfully diversified portfolio provides necessary protection of the College’s assets,” has been strictly maintained. Trinity’s endowment is well diversified across asset classes and the College’s investment manager, Investure, continues to search for outstanding managers whose performance meets standards set by both Investure and the College’s investment committee.
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