For the fiscal year ended in June, Dartmouth University’s endowment fund returned a record 14.6% to $4.96 billion, after a nearly 2% decline last year. This according to a recent article in Chief Investment Officer.

According to the university’s CIO Alice Ruth, “Dartmouth’s outstanding returns are a direct result of partnerships with world-class managers, which bring breadth and depth to the portfolio in service of Dartmouth’s mission.” Gains were attributed to a “broad rise in public markets, both in the US and internationally,” the article said, adding that returns were “enhanced by strong performance relative to benchmark indices across the portfolio,” citing outperformance versus global markets and the school’s “policy benchmark.”