(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.
Of the eight schools in the Ivy League, only Princeton University has yet to report its results.
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