Yale, Princeton Post 11% Returns as Schools Face New Tax (2)

The endowments of Princeton University and Yale University each returned about 11% in the 12 months through June at a time of heightened tensions between major US colleges and President Donald Trump’s administration.

Yale’s fund returned 11% and increased to $44.1 billion, while Princeton’s endowment posted a gain of 11% and is now valued at $36.4 billion, the schools said in separate announcements Friday.

“Outperformance in several asset classes was tempered by underperformance in leveraged buyouts and, more meaningfully, real estate,” Matt Mendelsohn, Yale’s chief investment officer, said in a statement.

Princeton relies on its endowment for about two-thirds ...