UH System’s Board of Regents met on Thursday where the endowment fund exceeding $1 billion was presented. | File photo
The UH System endowment fund has exceeded $1 billion, as announced at the quarterly Board of Regents meeting on Thursday.
The Endowment Management Committee Report presented at the meeting and revealed the UH System budget now exceeds $2 billion.
NEPC, LLC. representative Wyatt Crumpler is an investment consultant for the University. Crumpler claimed this second quarter of the fiscal year was very successful for UH.
“From a performance standpoint, it’s been a very, very good quarter,” Crumpler said. “This is well ahead of what our original benchmark was, and needless to say, this is a great milestone.”
The report also noted key market themes, including the emergence of COVID-19 vaccines, and how vaccinations have affected the University’s finances, allowing progress to this extent.
Chancellor Renu Khator shared the news with the University community via Twitter.
