Harvard University's endowment is down about $1 billion in the 12 months through June, Bloomberg reported. The fund, still the largest university endowment in the world, ended up at $30.7 billion, down about 0.05 percent. Harvard, like many other universities, saw major losses the year that the recession started, but many other universities have been posting gains more recently. Harvard officials said that their losses were due to investments in publicly traded non-U.S. companies and in "emerging market" shares.
- Tepid endowment returns pose another revenue constraint to universities
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- How Much Is Enough?
- Adding Up the Damage
- Early endowment results show college investments lost value
- College endowment funds likely had another year of double-digit returns
- Questioning Endowment Losses
- The Rich Get Richer -- Again
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