Penn's 14.3% Return Was Boosted by 'Notable' Stock Performance
- University of Pennsylvania’s endowment valued at $12.2 billion
- Peter Ammon has been chief investment officer since 2013
The Quad dormitory building on the campus of the University of Pennsylvania.
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The University of Pennsylvania’s endowment posted a 14.3 percent investment return for the 12 months through June, with equities fueling gains just like at other large college funds.
The value of the endowment rose 14 percent to $12.2 billion. The fund’s growth of $1.5 billion includes investment returns and new gifts, the Ivy League school in Philadelphia said Thursday in a statement.