Asset Allocation
Princeton Endowment Declines 1.7% in Fiscal 2023
Ivy League endowments trended weaker in the year that ended June 30, but Princeton is the first institution to report a result in the red.
During his 28-year tenure, the endowment has posted annualized returns of 12.6%.
The university targeted 90 companies active in thermal coal or tar sands segments of the fossil fuel industry.
Investments' value rises by $1.6 billion to $23.8 billion.