Columbia University's endowment returned 11.5% on its investments for the fiscal year ended June 30, compared to a 2.3% return a year earlier, confirmed Robert Hornsby, spokesman for the New York-based school.
Benchmark data was not available.
The return reflects the normal quarter lag in private equity and real-asset valuations, according to a news release issued by the university.
“Over the past decade, our investment performance has consistently outpaced both the market and our peers, helping Columbia compete academically with universities that have far larger endowments,” said Columbia University President Lee C. Bollinger in the news release.
The endowment had $8.2 billion in assets as of June 30. The university's trailing five- and 10-year returns were an annualized 6.8% and 11%, respectively.
