If Goldman Sachs released tables of the best Ivy League universities at making money, Princeton would come second. (This is based on absolutely no analysis of the following figures.)
PRINCO, the Princeton University Investment Co., announced annual returns of 14.7 percent for the fiscal year of 2010 today. After last year’s return of -23.5 percent and this year’s big turnaround, Princeton’s endowment currently stands at $14.4 billion. Annualized returns for the past decade amount to 7.9 percent.
Yeah, cool, a nice chunk of change, whatever. But what bugs me is that Columbia posted returns of 17.3 percent (albeit on a $6.5 billion sum). At least we beat Harvard (11.4 percent increase to $27.4 billion) and Yale (8.9 percent increase to $16.7 billion).
Does that mean we can start getting more free stuff/study breaks/Lawnparties?