Deals
Harvard and Yale's Elite Investment Club
Alternatives may bounce back, but don't kid yourself about making Ivy League returns.
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It’s that time of year again, time to count with envy all the money made by elite university endowments.
Well actually, no, not this year. Yale’s endowment eked out a mere 3.4 percent return during the fiscal year to June – yet that was enough to make it the big winner among schools that have reported so far. Harvard’s investment portfolio fell 2 percent in fiscal year 2016, while the University of Pennsylvania’s dropped 1.4 percent.