The BNY Mellon U.S. Master Trust Universe found in its peer comparisons of pensions, endowments and foundations that asset allocations pack a mighty performance punch.
The median return of the BNY Mellon U.S. Master Trust Universe was 10.68% in the second quarter, which nearly erased the 10.9% loss suffered by plans in the first quarter of 2020.
According to BNY Mellon, U.S. equities were up 19.6% -- driving returns in many institutional investor portfolios. While alternatives may have fallen behind in the second quarter generally, for the most part they . . .
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