New Breed of Endowment Managers Beats Harvard at Its Own Game
Ivy League Loses Its Edge in Endowment Investing
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The Ivy League is losing its historic lead on one of education’s most important playing fields: endowment investing.
In the heart of the Iowa prairie, tiny Grinnell College last year beat all its Eastern rivals, with a 20.4 percent return, according to an exclusive Bloomberg ranking of endowment performance. It tied for No. 1 with another heartland institution, the University of Minnesota, a public system better known for its top-ranked Golden Gophers men’s hockey team.