Skip to Main Content

Apply Now to the University of Wyoming apply now

UW Foundation

Investments


Fiscal year 2021 was one for the record books. One-year performance set an all-time UW Foundation record at 36.5%, beating the second-best return of 19.7% by 16.8%. Three-year rolling investment results also set a record, compounding at 14.6%. From peak to trough, the endowment rallied 47% during the lockdown as federal stimulus packages combined with an environment favoring equities created investment opportunities the team was successful in implementing. Despite travel restrictions and subsequent disruptions to the research process, the UW Foundation investment team maintained focus and was relentless in pursuing investment opportunities.

An asymmetry exists in the investment process where safe or comfortable investment allocations in periods of heightened uncertainty rarely produce outstanding returns. In FY 2021 we stepped out of our comfort zone and embraced new profitable investment opportunities that proved to be lucrative.

Investment performance ebbs and flows in response to the economic environment. The coming year’s environment will be different than last year’s, and we do not expect to maintain this pace of performance. Continuing to meet our cost of capital over long periods of time will require a new balance of safety and opportunity. Given the sheer amount of current stimulus entering the economy and its impact on asset prices, we will certainly experience volatility related to expectations for stimulus to continue. At this point, we view our investment allocation strategy as appropriate for the environments most likely to occur.  

The endowment performance contribution split amongst the major asset classes was driven by equities.

Specific investment managers who outperformed include our SPAC portfolio manager Fir Tree, which returned 32.1%. Our DoubleLine CAPE strategy was up 48.2%, outperforming the S&P 500 by 7.4%.

As always, the UW Foundation investment team has three investment goals for FY 2022— reduce portfolio complexity, reduce fees, and increase longterm compounded returns. These goals remain the same from last year. Every day starts with attention to these three goals.


INVESTMENT ALLOCATION

Two items shaped the investment allocation decisions in fiscal year 2021. First, the foundation redeemed nearly all our investment allocation to hedge funds. Over the coming year, those redemption proceeds will be reallocated to asset classes the investment staff, UW Foundation Investment Committee, and our advisor Meketa Investment Group formulated this spring when we met to update our investment allocation model. Second, we are formulating an internal model that incorporates individual manager data to assist us in determining future investment allocations across asset classes. This is a big project, and we have a lot of work ahead of us.

 

Contact Us

University of Wyoming Foundation

222 S 22nd Street

Laramie, WY 82070

Phone: 307-766-6300

Toll Free: 1-888-831-7795

Fax: 307-766-4045

Email: foundation@uwyo.edu

Find us on Facebook (Link opens a new window) Find us on Twitter (Link opens a new window) Find us on Instagram (Link opens a new window) Find us on YouTube (Link opens a new window) Find us on LinkedIn (Link opens a new window)

1000 E. University Ave. Laramie, WY 82071
UW Operators (307) 766-1121 | Contact Us | Download Adobe Reader

Accreditation | Virtual Tour | Emergency Preparedness | Employment at UW | Privacy Policy | Harassment & Discrimination | Accessibility Accessibility information icon