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October 29, 2013 01:00 AM

Cornell endowment posts 11.4% return

Rob Kozlowski
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    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.

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