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Seven College Endowments Report Annual Losses in Choppy Markets

  • University of California, Ohio State each declined 3.4%
  • Markets were ‘bit of a bloodbath,’ California’s Bachher says
Photographer: Kevork Djansezian/Getty Images

Seven public U.S. university endowments with assets of more than $1 billion including the University of California reported fiscal 2016 investment losses as lackluster economic growth and volatility drubbed markets.

College endowments are poised to take the worst slide in performance since the 2009 recession. Funds with more than $500 million lost a median 0.73 percent in the year through June 30, according to the Wilshire Trust Universe Comparison Service. The Wilshire data, from fund custodians, excludes fees while most schools report returns net of fees.