Harvard's Endowment Shines in Tough Financial Year

$35B fund sees modest 7%-9% growth
By Jim O'Neill,  Newser Staff
Posted Aug 7, 2008 10:54 AM CDT
Harvard's Endowment Shines in Tough Financial Year
Graduates from Harvard University's John F. Kennedy School of Government hold inflatable globes as they celebrate their degrees at Harvard's 2007 Commencement exercises.   (AP Photo/Elise Amendola)

Harvard’s endowment did better than most in the down market, reports the Wall Street Journal. The $35 billion fund, which ended its fiscal year in June, earned 7% to 9%. “That would be easily the best performer among the foundations and endowments that we track," says a rep for a company that collects data on pension funds and endowments. (More investing stories.)

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