Sep
25
Yale’s 3.4% Gain Is Top Performer as Endowments See Losses
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Ivy League rival Harvard University lost 2% in fiscal year
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Some of the largest college endowments are posting declines
Yale University posted a 3.4 percent investment gain, besting rival Harvard University and most college endowments that reported annual losses.
The value of Yale’s endowment declined less than 1 percent to $25.4 billion because the targeted spending rate of 5.25 percent was higher than the fund returned in the year ended June 30, according to the New Haven, Connecticut-based university. Yale, which has the second-largest U.S. school fund behind Harvard, has the best return among school funds that have posted so far. The endowment has been led by David Swensen for three decades…
Yale’s 3.4% Gain Is Top Performer as Endowments See Losses
