First endowment announcement of the year

<p>Columbia weighs in with a 17.3% return on their endowment for the year ending June 2010.</p>

<p>Investure, the Charlottesvillle outfit that provides turn-key endowment management for a number of schools including **Middlebury, Smith, Trinity, Barnard, and Dickinson **reports annual returns in the 15.2% to 17.7% range depending on each school’s exact portfolio. The Investure people cite a relative small position in real estate as a reason for their relatively high returns.</p>

<p><a href=“Columbia Endowment Earns 17% in Fiscal Year - The New York Times”>Columbia Endowment Earns 17% in Fiscal Year - The New York Times;