"Yale endowment rises 2% in fiscal 2008, climbing to almost $23b" by Bloomberg News | September 17, 2008
NEW YORK - Yale University's endowment totaled almost $23 billion on June 30, the school's top official said, or about 2 percent more than was reported a year earlier.
Yale's president, Richard Levin didn't disclose the investment return on the endowment, which is also affected by new donations and by withdrawals for operating expenses. Yale had a positive return that failed to match the 8.6 percent reported last week by Harvard University, the Yale Daily News reported Monday, citing an unnamed school official.
--more--"
If Harvard and Yale can do so well with their investments, how come the state got taken to the cleaners?
