USD Foundation makes portfolio gains with 2010 investments
According to the Independent Consultant Cooperative (ICC), this return ranks The University of South Dakota Foundation’s portfolio in the top 1 percent of the ICC’s 22,000 client portfolios.
USD Foundation President Bryan Benchoff said he couldn’t be more pleased with the news as “The prudent management of all endowments is a responsibility that we take very seriously.” Benchoff added, “We are fortunate to have a highly-skilled investment committee providing a watchful eye over our investment practices.”
The ICC also ranked The Foundation’s 10-year return of 7.2 percent also ranks in the first percentile while the five year return of 6.3 ranks in the ICC’s third percentile.
“It’s important to note that there is no smoke and mirrors here,” explained Warren Prostrollo, Investment Committee chair of the USD Foundation. “We’ve found a good, solid plan to maximize our investment returns during the good times and protect the portfolio as much as possible during downturns.”
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