Columbia University's endowment returned 17.5% on its investments for the fiscal year ended June 30, compared to an 11.5% return a year earlier, said Robert Hornsby, spokesman for the New York-based school.
The return reflects the quarter lag in private equity and real asset valuations, said a news release issued by the university.
The endowment had $9.2 billion in assets as of June 30. The university's trailing five- and 10-year returns were an annualized 14.2% and 11%, respectively.
Benchmark data were not available.
“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 release.
