Columbia University's Endowment Posts 7.6% Investment Return
- Ivy League university's fund rises 4% to $9.6 billion
- Tied with Princeton for highest 10-year return in Ivy League
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Columbia University, the last of the eight Ivy League schools to report on its endowment’s performance, posted a 7.6 percent gain in the year ended June 30, trailing the average of 7.8 percent for the group, according to data compiled by Bloomberg.
The fund’s value increased about 4 percent to $9.6 billion, the New York-based school said Wednesday in a statement. The school has had an annual average return of 10.1 percent over the past 10 years, tying it with Princeton University. N.P. Narvekar is president and chief executive officer of Columbia Investment Management Co.