Deals
Yale, Long a Leader in Endowment Performance, Trails Peers
- Funds that favored public equities fared better in fiscal ’17
- More than half of Yale’s assets are in alternative investments
Sterling Memorial Library on the Yale University campus in New Haven, Connecticut.
Photographer: Craig Warga/BloombergThis article is for subscribers only.
Yale University, which boasts some of the best long-term endowment performance, trailed college funds that favored public equities in the year through June.
Yale’s endowment gained 11.3 percent in fiscal 2017, and the value of the fund rose by $1.8 billion to $27.2 billion, the New Haven, Connecticut-based school said Tuesday in a statement. The fund, the second-largest in U.S. higher education, has been led by David Swensen since 1985.