2023 04 25
Investment management results for Q1, 2023: the value of the portfolio grew to EUR 3.44 million
The VU endowment fund announces its investment management results for Q1, 2023. According to Justinas Noreika, CEO of the VU Foundation, the year 2022 was closed with only -0.2% (for comparison, the weighted average performance of Lithuanian pension funds was -13.81%, the MSCI World (EUR) index was -12.78%). The result of the first quarter of 2023 rose to +2.4%, the value of the portfolio grew to EUR 3.44 million.
"The VU Foundation’s move to gradually increase the number of shares in the portfolio from the end of 2022 has paid off. In the first quarter of this year, the main financial markets showed positive returns, despite the failure of several large banks. In the US, equity markets were supported by significant appreciation of large technology sector companies’ shares, while in Europe the warm winter helped many companies to beat earnings expectations," the Investment Board comments.
View as PDF here.
Members of the VU Foundation's Investment Board, responsible for professionalism and performance: Alius Jakubėlis (Chairman), Šarūnas Barauskas, Mindaugas Mažeikis, CFA, prof. Konstantinas Pileckas, Paulius Kunčinas, and Tomas Krakauskas.
2023 11 15
Family of Dr Algirdas Juozapavičius Donates EUR 100,000 to Vilnius University's Endowment Fund
2023 10 23
‘ACME Group’ Invests €100,000 in the Vilnius University Endowment Fund
2023 10 19
Fixed-income investments as a priority for Q3, 2023
2023 09 07
I. Jurkonytė, Š. Šavėla and M. Norkūnaitė Have Won the Co-financing Competition of the VU Foundation