FSU Endowment horrible performance

https://floridastate.forums.rivals.com/threads/bot-meeting.129441/

"I'm guessing we outsource the management of our endowment to another company since I don't see any one on the Foundation web site who looks like they would be day trading. Whoever this company is, SUCKS. This is how FSU's endowment has performed against the average of other schools recently.

2015
Average: 2.4%
FSU: -3.1%

2014
Average: 15.5%
FSU: 14.0%

2013
Average: 11.7%
FSU: 10.1%

2012
Average: -0.3%
FSU: -5.2%

2011
Average: 19.2%
FSU: 16.1%

Only once in the last 10 years (in 2008) has FSU's endowment out performed the average. "




"2006 does seem be the turning point. Between 2002 and 2005 FSU was beating the average. If our endowment had performed just average since 2005, the endowment would be $800 million right now."


"In 2005, FSU had the #121 ranked endowment.

The latest rankings had FSU ranked #157. Given Taxol (which some of the money was endowed) and the 6 year old capital campaign.....this is a surprising drop."


"Wow. So, FSU has underperformed the average by 33.2% since 2011? That's honestly scandalous. "


"According to NACUBO, the average return for endowments between $500 million and $1 billion over the last 10 years has been 6.7% annually. Our annual average was 3.77%. That's only 2.93% each year, but that adds up over 10 years. "



"6.7% is over 40% more than 3.77%. And yes, that's a big number.

My own 401k outperformed FSU by a country mile. They should put me in charge of the endowment."