Endowment Funds up 20% in 2011

I wrote a month ago that the endowments and real money funds would face a high hurdle this past year (ending June 30th), and it looks like at least the initial numbers are pretty good.

60/40:  18.33%

Ivy allocation from book:  24.27%

Bloomberg:  ” Endowments and foundations gained an average of 20 percent in the year ended June 30, their best performance in 14 years, according to consultant Wilshire Associates Inc.”