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The Boston Globe

Business

Harvard endowment up 11.3% in year

Ends period with $32.7b; investments slightly lag rival

The Harvard University endowment posted an 11.3 percent gain on its investments for the fiscal year ended June 30, up from a roughly flat performance in the prior 12 months but slightly underperforming its rival Yale University.

Harvard’s gain outpaced its own internal goal and broad market indexes, ending the year with $32.7 billion in assets. US and foreign stocks drove the performance, with hedge funds and real estate also reaping significant gains for the nation’s largest university endowment, even as returns in bonds and emerging markets were modest.

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