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Cornell endowment posts 11.4% return

Sage Chapel on the Cornell University campus

Cornell University, Ithaca, N.Y., returned 11.4% in the fiscal year ended June 30, the university announced on its website Monday.

The value of Cornell's long-term investments, which include the university's endowment assets, increased to $5.7 billion from $5.2 billion at the end of the previous fiscal year.

The increase was attributed to strong investment returns in domestic and international equities.

A phone call to A.J. Edwards, chief investment officer, was referred to the university spokesman John Carberry, who wrote in an e-mail that the university does not break down returns by asset class.