Columbia University's endowment returned 7.6% on its investments for the fiscal year ended June 30, said a university news release issued Wednesday.
The results are net of fees, Robert Hornsby, a university spokesman, said in an email.
The return reflects reflect “the normal one-quarter lag in private equity and real asset valuations,” the release said. The university returned 17.5%, net of fees, for the year ended June 30, 2014.
New York-based Columbia's endowment had assets of $9.6 billion as of June 30, a gain of 4.3% vs. the $9.2 billion for the previous fiscal year.
The annualized five-year and 10-year returns, net of fees, were 12.3% and 10.1% respectively.