Carnegie Mellon University's $1.72 billion endowment returned a net 13.2% in the fiscal year ended June 30, said Charles A. Kennedy, chief investment officer for the Pittsburgh-based school, in a report.
Carnegie Mellon's three- and five- year returns were 6.4% and 9.4%, respectively. Benchmark information was not provided in the report. The endowment returned a net -0.9% in the previous fiscal year.
During the prior fiscal year, the university received proceeds from a large lawsuit settlement. A resolution was passed in October 2016 instructing that $200 million of the lawsuit settlement proceeds be moved into the endowment, the report said. Further details were not provided.