Princeton cuts long-term return target on $36 billion endowment, flags deeper spending curbs
Princeton University has reduced its long-term return assumption for its $36 billion endowment, citing changing market conditions and pressure in private equity investments. According to a report by the Financial Times, the university has lowered its expected annual return from 10.2 per cent to 8 per cent. Princeton’s president Christopher Eisgruber said even the revised…
