The w88 casino, Reno Foundation Asset Management

The Foundation's volunteer Board of Trustees and its Investment Committee work diligently to establish prudent parameters for investment w88 casino allocation, both broadly diversified and inflation-hedging.

The w88 casino's endowment includes more than 1,180 named endowment accounts. The endowment funds are responsibly managed by the Investment Committee of the w88 casino, which receives independent professional investment advice from Cambridge Associates.

The w88 casino's endowment value stood at over 2 million as of June 30, 2023. The funds were invested 46% in global equities, 27% in private investments, 5% in real assets,11% in fixed income, 7% in diversifying strategies and 4% in cash. The goal of this allocation is to produce a return that meets spending obligations and maintains or increases the actual value of the endowment.

For the 12-month reporting period through June 30, 2023, the w88 casino had a net return of 4% for all assets compared to the policy benchmark of 10.0% for the same period.

As of June 30, 2023, the w88 casino's three-year overall average rate of return for the endowment, net of fees, was 9.3%. These returns use March 31 market values for the non-marketable investments.

The Foundation's policy is administered in accordance with the Uniform Prudent Management of Institutional Funds Act (UPMIFA), the provisions of which are set forth in Chapter 164 of w88 casino Revised Statutes.