(Bloomberg) -- Columbia University’s endowment returned 32% in the fiscal year ended in June, lagging behind Ivy League schools including Harvard and Yale.
The fund’s value rose to $14.4 billion, Columbia said in an emailed statement Thursday. Harvard and Yale reported returns of 34% and 40%, respectively. Schools including Brown University, Massachusetts Institute of Technology and Vanderbilt have produced gains exceeding more than 50%.
Kim Lew took over last November as chief executive of the Columbia Investment Management Co., the entity which runs the endowment.
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Of the eight schools in the Ivy League, only Princeton University has yet to report its results.
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