Harvard's Endowment Shines in Tough Financial Year

$35B fund sees modest 7%-9% growth
By Jim O'Neill,  Newser User
Posted Aug 7, 2008 10:54 AM CDT
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)
camera-icon View 2 more images

(Newser) – 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.