PRINCO boosts endowment as IPOs, emerging markets roar
Princeton University Investment Company, which handles more than $6 billion of the University's endowment, earned an average investment rate of return of 21.7 percent during the 1999 fiscal year, according to PRINCO president Andrew Golden.The results represented the fifth best returns of any university among a group of more than 400 schools, Golden said."We were very fortunate that every part of our portfolio did well," he noted.