The endowment of Duke University has generated returns of 24.5 percent on its investments for the fiscal year ended June 30, Pensions & Investments reports. The return in the previous fiscal year was 13.2 percent.

The Durham, North Carolina–based endowment targets 38 percent allocation to equity, 13 percent each to commodities, real estate, credit and rates. It also targets 10 percent to inflation.

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