Dartmouth’s Investment Fund Reaches $8.3 Billion After 8% Return

Dartmouth College’s endowment recorded an 8.4% investment gain for the year ended in June, lifting the fund’s valuation above $8 billion but lagging far behind the surge in US stocks.

The fund finished the fiscal year at a valuation of $8.3 billion after distributing about $430 million for the annual operating budget, Dartmouth said in a statement Thursday. The Hanover, New Hampshire, school was the first of the eight Ivy League universities to report investment returns for the period.

Dartmouth’s moderate gain signals another middling year for big university endowments, which have missed out on some of the rally ...