Brown University, with the smallest endowment in the Ivy League, said it had an investment loss of 1.1 percent in a year "that proved challenging across global financial markets."
The value of the endowment declined 3 percent to $3.2 billion in the year through June 30, the Providence, Rhode Island-based school said in a statement. Brown is among six of the Ivy League schools to report a loss. Of the other two Ivies, Yale University had a 3.4 percent gain and Princeton University hasn't reported yet.
Many school endowments have declined as slow economic growth and uncertainty over the pace of monetary stimulus hampered returns. About 430 endowments lost 2.7 percent on average in fiscal 2016, according to an estimate by Cambridge Associates, which manages $9.9 billion for endowments and foundations. The data, like the school returns, is net of fees.
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