Brown investment returns below average
Brown University got a 10.2 percent return on its endowment in FY 2010, finishing out the year with assets worth nearly $2.2 billion. The returns were an improvement from 2009, when the endowment lost 23 percent of its value, but they were still below the national average, according to a study out this week from the National Association of College and University Business Officers.
The report is based on data from 80 US colleges and universities. Preliminary reults show an average 12.6 percent investment return on educational endowments. Large endowments tended to fare slightly worse than mid-sized endowments, which the authors note is unusual.