The institution’s assets rose to $41.4 billion, while it distributed $2.1 billion for operating expenses.
But the university’s finances ‘experienced a major destabilizing event’ with the termination of hundreds of federal grants.
Assets of the fund, which distributed $453 million to college operations in the year, rose to $9 billion at the end of June.
Institutional Shareholder Services and Glass Lewis are recommending shareholders vote against a $1 trillion compensation plan for Elon Musk.
The investment chief of the city’s Bureau of Asset Management is leaving November 7 for an unspecified new opportunity.