Yale endowment returns 22.9 pct; Swells to $18 Billion

Colleges & Universities Yale University
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<p>Yale released its latest endowment information today. I’m amazed that they managed to get such great returns!</p>

<p>Link: <a href=“http://today.reuters.com/news/articleinvesting.aspx?type=fundsNews2&storyID=2006-09-25T193941Z_01_N25284403_RTRIDST_0_FINANCIAL-FUND-YALE.XML[/url]”>http://today.reuters.com/news/articleinvesting.aspx?type=fundsNews2&storyID=2006-09-25T193941Z_01_N25284403_RTRIDST_0_FINANCIAL-FUND-YALE.XML&lt;/a&gt;&lt;/p&gt;

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<p>Excellent job, Yale!</p>

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<p>swensen is absolutely remarkable</p>

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<p>Yale - which was already richer than Harvard on a per-student basis - has become even richer (at Harvard’s expense - my guess is that Yale did a short sell on $5 billion in natural gas a few weeks before Harvard) .</p>

<p>At this rate, won’t Yale’s endowment reach $1.4 TRILLION and surpass Harvard’s in ten years? By that point, do you think Yale will have more than half as many students as Harvard? </p>

<p>The real question, of course, is if the U.S. dollar will be worth anything by then.</p>

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<p>Man, u are such a flame bait.</p>

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<p>Stanford’s endowment also grew by 2.8 billion last year. It’s 15.2 billion now</p>

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<p>Not a bad return. Stanford had good returns last year, too.</p>

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<p>You’re assuming that this is normal growth, not just some spectacular figures fueled by some wall street investors screwing over all the mutual fund little people etc or a lucky profit from energy…</p>

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<p>It’s had an over 17 percent annualized growth rate over the past 10 years.</p>

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<p>here’s the harvard crimson’s somewhat unprofessional and haughty article.</p>

<p><a href=“http://www.thecrimson.com/article.aspx?ref=514470[/url]”>http://www.thecrimson.com/article.aspx?ref=514470&lt;/a&gt;&lt;/p&gt;

<p>They’ve got an inferior football team and a lower U.S. News ranking, but Yalies are beating their Cantab counterparts in at least one category: endowment returns. In the 12-month period ending June 30, the New Haven safety school’s endowment-return rate topped Harvard’s by 6.2 percentage points—the second straight year that the Elis’ investors have bested the Crimson’s team. </p>

<p>Yale’s $18.0 billion endowment still pales in comparison to Harvard’s $29.2 billion treasure chest. And both universities easily outpaced the S&P 500 stock index, which increased by 8.6 percent during the 2006 fiscal year. But Yale’s remarkable 22.9 percent return rate—and Harvard’s comparatively-modest 16.7 percent mark—suggest that Yale’s “external management” approach to its endowment is paying dividends…</p>

<p>Yale’s endowment return rate also eclipsed that of the third-richest university, Stanford. The California party school reported returns of 19.4 percent this past year, raising its overall holdings to $15.2 billion. </p>

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<p>Harvard haughty? I never!</p>