"US Public Funds Top Performers Q2"

This article comes from Nasdaq

The first half of the 2020s presented myriad challenges and opportunities for US Public Funds. As investors sought to achieve alpha by incorporating new alternative asset classes such as Private Debt and Infrastructure and refining approaches to traditional investing, they’ve also contended with unforeseen inflation, geopolitical uncertainty, and transformative technology in the form of AI. Further, opacity in industry-best benchmarking practices can turn performance measurement into a challenge of its own. As long-term investors, though, institutions must manage through investment cycles, not to them. As such, a key question emerges: Which US Public Funds best positioned their assets to succeed through an uncertain economic and political environment? Empowered with investor-disclosed data from Nasdaq eVestment Peer Benchmarking, we can research total portfolio and asset class returns, asset allocations, and benchmarks of hundreds of US Public Funds to answer these questions. In this report, we review the top three total portfolio performers based on 3- and 5-year returns as of June 30, 2024, for US Public Funds over $10B in total assets, then for those between $1B-$10B in total assets. For each of these top 3- and 5-year performers, we further review their total portfolio benchmarking returns and top three performing asset allocation categories.

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