Deals
Yale’s 3.4% Gain Is Top Performer as Endowments See Losses
- Ivy League rival Harvard University lost 2% in fiscal year
- Some of the largest college endowments are posting declines
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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.