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ASSET OWNERS

Brown University endowment posts -1.1% return

Robinson Hall, Brown University
Robinson Hall, Brown University

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.