Trinity College’s endowment, managed by Investure LLC, said it posted a 5.4 percent loss in fiscal 2016, dragged down by investments in equities, hedge funds and private equity. Trinity, along with fellow Investure client Dickinson College, are the worst-performing U.S. university endowments among those reporting so far for the year ended June 30. More than a dozen university endowments with more than $1 billion have losses. College endowments will continue to report investment performance through next month. “Although endowment returns in FY 2016 were disappointing, we are focused on longer-term returns while continuing to evaluate and adjust as necessary based on perceived changes in the market,” Joanne Berger-Sweeney, Trinity’s president, wrote in a report posted on the school’s website.