Princeton, Columbia Endowments Return 6.2%, 3.8%

Investment portfolios for both return less than half as much as last year.

Princeton University’s endowment reported returns of 6.2% for the fiscal year ended June 30, raising its asset value by $200 million to $26.1 billion. Columbia University’s endowment reported a meager 3.8% return on investment for the latest fiscal year to bring its value to $10.95 billion.

The 6.2% was less than half of what the endowment’s portfolio earned last year when it returned 14.2%.

Columbia’s endowment’s 3.8% return marked the second straight year that the university reported the smallest investment return among its Ivy League peers. Last year, Columbia reported a 9% return on investment.

“While we are disappointed that this year’s results were below our benchmarks for our target asset allocation, the longer term results reflect Columbia’s ability to perform across a range of market conditions,” University President Lee Bollinger said in a statement.

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Columbia’s former CIO, Tim Donohue, left last month to manage the Kamehameha Schools, a private school system in Hawaii. Columbia’s endowment is currently managed by Peter Holland, CEO of Columbia University Investment Management Company, which manages the endowment’s portfolio.


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