Bowdoin College, Brunswick, Maine, returned a net -1.4% in the fiscal year ended June 30, a news release said.
The college’s $1.34 billion endowment also reported annualized three-, five- and 10-year net returns of 10.4%, 9.9% and 8.5%, respectively, compared to what the news release said were the mean returns of comparative colleges and universities of 5%, 5.2% and 5%, respectively.
The endowment’s 14.4% return for fiscal year 2015 was the highest among U.S. college endowments.
“The team managing Bowdoin’s endowment … continues to do a terrific job in what has been a very challenging environment,” said Clayton Rose, college president, in the news release. “Bowdoin’s ability to navigate highly volatile financial markets allows us to maintain our commitment to need-based financial aid and excellence in our liberal arts education and experience.”
Doug Cook, college spokesman, said in an e-mail that the endowment does not provide returns by asset class.
