This chart book presents representative marketable and hedge fund manager performance for second quarter 2016. The median US REIT manager posted the highest median return for second quarter 2016 (5.9%) and for the one-year period ending June 30, 2016 (22.9%). The median Pan-European Equity manager posted the lowest median return for second quarter 2016 (-4.1%) and for the one-year period ending June 30, 2016 (-9.3%).