October 19th, 2011 | University

Brown sees 18.5 percent return on endowment

Manning_Chapel
Photo by Wikimedia Commons.

That’s a wrap, folks. With Brown University’s announcement on Tuesday that its investments returned 18.5 percent in fiscal year 2011, the endowment figures of all eight Ivy League universities have now been released.

In the second straight year of positive endowment growth for the schools, Brown’s endowment return just barely beat Dartmouth’s 18.4 percent — the lowest in the Ivy League. As of June 30 the Providence Ivy’s endowment was valued at $2.5 billion. According to the University press release, after the onset of the economic downturn in 2008, Brown’s investment committee decided to focus on investments with less market exposure.

Brown’s endowment has maintained annual average investment returns of 7.7 percent over the past decade, compared to the 10.1 percent seen by Yale.

CORRECTION: Oct. 19, 2011

A previous version of this article mistakenly reported that Brown tied with Dartmouth for the worst investment return in the Ivy League. In fact, Brown bested Dartmouth by 0.1 percent.

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