Princeton University's endowment returned just 3.9% for fiscal year 2024, significantly trailing its Ivy League peers, primarily due to an overreliance on venture capital and insufficient exposure to booming tech stocks. This performance follows a 1.7% loss in fiscal 2023 and is below the expected 6% return. Additionally, declining donations, which fell to $66.7 million, may impact the university's financial aid programs, which rely heavily on endowment support.
Harvard's $53.2 billion endowment achieved a 9.6% return in fiscal year 2024, driven by strategic manager selection and significant shifts in asset allocation. The endowment reduced real estate and natural resources exposure while increasing private equity and hedge fund allocations, with technology stocks contributing to the strong performance. Despite private equity underperforming relative to public markets, the overall results positioned Harvard favorably among Ivy League peers.
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