Cornell University’s long-term investments returned 15.8% in the fiscal year ended June 30, the Ithaca, N.Y.-based university announced on Tuesday.
The value of Cornell's long-term investments, which include the university’s endowment assets, increased to $6.2 billion from $5.7 billion at the end of the previous fiscal year.
The increase was attributed to careful management and generally favorable market conditions.
For fiscal year 2014, the largest returns came from private equity, domestic equity and non-U.S. developed markets equity portfolios. However, university spokesman Joe Schwartz wrote in an e-mail that the university does not break down returns by asset class.
Long-term investments saw an annualized return of 11.7% for the five years ended June 30 and 8.2% for 10 years.