Cornell University has announced that its endowment, currently valued at $6.1 billion, generated an investment return of -3.3 percent during the year that ended June 30, 2016.

A number of large institutional endowments struggled during the year, generally posting negative to slightly muted positive returns, according to Kenneth Miranda, the university’s chief investment officer.

“We recognize the importance of the endowment for the university’s financial interests and its research, faculty and students,” said Donald Opatrny ’74, a member of the Cornell University Board of Trustees and chair of the board’s Investment Committee. “Moving forward we are proactively examining, given this low-return environment, how to optimize the endowment.”

Part of those plans include moving the Office of University Investments to New York City, which was announced earlier this week.