Harvard Endowment Rises 21% on Hedge-Fund Gains

Harvard University, the world’s richest school, said its investments rose 21 percent in the past year, outperforming benchmarks and extending the rebound from record losses in 2008. The value of the university’s endowment climbed $4.4 billion to $32 billion as of June 30, according to a report today by Harvard Management Co., which oversees the fund. The increase in value also reflects gifts from donors and distributions to help finance operations at the Cambridge, Massachusetts, university… Read more here:

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