Princeton’s $34 Billion Endowment Posts Worst Return in Ivy League So Far
- Endowment posts 1.7% loss on investments in latest fiscal year
- Venture capital dragged on results, as at other elite schools
Princeton is especially reliant on its endowment, which distributed $1.6 billion to the university in the latest fiscal year.
Photographer: Bloomberg
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Princeton University’s endowment lost 1.7% on its investments during the latest fiscal year, its second straight negative return and the worst annual performance in the Ivy League with most schools reporting.
The culprit for the negative return was poor performance in venture capital, compounded by an attempt to hedge against that result, said Andrew Golden, president of the Princeton University Investment Co., which manages the fund. The value of the endowment declined to $34.1 billion at the end of June, the New Jersey school said Wednesday.