Wednesday, August 22, 2007

If you are Harvard ...

... even the performance of your endowment comes under sharp scrutiny!

For the record, Harvard's endowment enjoyed a 22.4 percent return during the year to 30 June 2007, beating the 20.5 % return of S&P 500. This pushed up the total value of the endowment from 33.5 billion dollars last year to about 41 billion dollars now.