Columbia and Yale are at the top of a new ranking of long-term university endowment investment performance.
Both Ivy League schools produced an average return of 11 percent over the last 10 years, according to a compilation of publicly disclosed figures compiled by executive recruitment firm Charles A. Skorina & Co.
That was better than peers like the University of Pennsylvania and Cornell, whose endowments returned 8.1 percent and 8.2 percent, respectively. The S&P 500 index returned 7.8 percent over the same 2005 to 2014 period. And the average endowment with more than $1 billion grew by 8.5 percent, according to an NACUBO-Commonfund study.
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