Yale endowment returns 28% in 2006 fiscal year

[Scooter24]

http://today.reuters.com/news/articleinvesting.aspx?type=fundsFundsNews&storyID=2007-09-27T165625Z_01_N27365097_RTRIDST_0_HEDGEFUNDS-YALE.XML

BOSTON, Sept 27 (Reuters) - Yale University said on Thursday it earned a 28 percent return on its investments in the last fiscal year, the highest returns earned among America's most prominent universities.

The Ivy League school's endowment, run by David Swensen, swelled to $22.5 billion, in the fiscal year that ended on June 30, Yale said.

That makes Yale's endowment the second largest in the country behind that of Harvard University, which said last month its endowment returned 23 percent and grew to $34.9 billion amid bets on real estate, emerging markets and private equity.

Both schools topped the Standard & Poor's 500 index, which returned roughly 18 percent during the fiscal 2006 year.
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Incredible market returns. If only my portfolio showed the same returns :P

[rug]

1. Why would anyone ever donate again?

[BlooInBloo]

2. Good for them - making money with their own fucking money.