Medical charity The Wellcome Trust said its investments returned 18 per cent, or over £2.6bn, in the year to end September.
Wellcome noted that it has returned a total of £7bn since the start of the global financial crisis in 2008, recording positive returns in each of these years. It said that it significantly increased its public and private equity holdings during this period.
Since the launch of its investment portfolio in 1985 it has provided a total return averaging nearly 14 per cent a year.
Wellcome CIO Danny Truell said, “Our internal investment team and external investment partners across the board again added significant value, enabling us to perform better than global stock markets with considerably lower volatility.
“It will be a stretch to continue to achieve returns of 10 per cent a year over the next decade, but the businesses and partnerships in which we have invested for the long term generally continue to reinforce their franchises.”
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