Deals
Yale Posts 12.3% Gain as Endowment Reaches Record $29.4 Billion
- Endowment is among those boosted by alternative investments
- Chief Investment Officer David Swensen has led fund since 1985
A tour group makes a stop at the Sterling Memorial Library on the Yale University campus in New Haven, Connecticut.
Photographer: Craig Warga/BloombergThis article is for subscribers only.
Yale University, the second-largest endowment in higher education, posted a 12.3 percent investment gain on the strength of its alternative investments.
The value of Yale’s endowment rose to $29.4 billion for the year ended June 30, the New Haven, Connecticut-based school said Monday in a statement. The value is a record, according to data compiled by Bloomberg.