Princeton Draws Inquiry Over Efforts to Diversify Its Endowment Fund

Princeton University was questioned by a congresswoman about the school’s efforts to include more diverse asset managers when investing its $26 billion endowment, the nation’s fifth-largest.

Representative Bonnie Watson Coleman, a New Jersey Democrat who represents the district where Princeton is located, also asked the Ivy League school about possible policy changes that make the inclusion of such firms more likely, according to a Nov. 12 letter to President Christopher Eisgruber and Andrew Golden, head of the Princeton University Investment Co.