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Maine Liberal Arts College Bowdoin Crushes Richest Schools in Endowment Gains

  • Alternatives boosted return, committee head Druckenmiller says
  • The $1.6 billion endowment gained 15.7 percent in fiscal 2018
Joshua Chamberlain statue at the entrance to the Bowdoin campus in Brunswick, Maine. 

Joshua Chamberlain statue at the entrance to the Bowdoin campus in Brunswick, Maine. 

Photographer: Gregory Rec/Portland Press Herald via Getty Images
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Bowdoin College posted a 15.7 percent investment gain, the highest one-year performance among the richest schools including much larger Ivy League endowments.

The value of the fund was a record $1.6 billion at June 30, the liberal arts school in Maine said Tuesday in a statement. Some elite schools including Bowdoin have reported double-digit gains in fiscal 2018 driven by strong private equity and venture capital returns.