Brown University’s endowment, Providence, R.I., returned -1.1% for the year ended June 30, said university spokesman Brian Clark.
The endowment had $3.2 billion in assets at the end of its fiscal year, down 3% from the year before.
Brown’s return exceeded both the preliminary return of its benchmark portfolio of -2.2% and Cambridge Associates’ preliminary mean and median returns for colleges and universities with endowments at -2.9%.
Annualized returns for the three, five and 10 years ended June 30 are 6.6%, 6.6% and 6%, respectively. Benchmark returns were not provided.
Returns for asset classes were not disclosed.