Yale outdoes Harvard with 3.4% gain in investments
Mon, Sep 26, 2016 - 5:50 AM
More than 50 per cent of Yale's investment assets are in illiquid holdings, including private equity and "absolute return", which includes hedge funds. The university disclosed this year that its original US$2.7 million investment in LinkedIn Corp produced US$84.4 million in gains.
YALE University has posted a 3.4 per cent investment gain, besting rival Harvard University and most US college endowments which reported annual losses.
The value of Yale's endowment declined less than one per cent to US$25.4 billion because the targeted spending rate of...