Brown University Endowment Posts 1.1% Loss in ‘Challenging’ Year
- Value of Ivy League fund declined 3% to $3.2 billion
- Swarthmore’s $1.8 billion fund had 1.6% investment loss
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Brown University, with the smallest endowment in the Ivy League, said it had an investment loss of 1.1 percent in a year “that proved challenging across global financial markets.”
The value of the endowment declined 3 percent to $3.2 billion in the year through June 30, the Providence, Rhode Island-based school said in a statement. Brown is among six of the Ivy League schools to report a loss. Of the other two Ivies, Yale University had a 3.4 percent gain and Princeton University hasn’t reported yet.