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From June 30, 2007 to June 20, 2008, the S&P 500 lost -13.1%. But Harvard and Yale managed to eek out gains for their endowments. Yale hasn't announced the figure yet, but it's expected to be positive in the single digits. Harvard gained 8.6%, which is better than 95% of institutional managers, to reach a total of $36.9 billion. Yale's endowment now stands at $23 billion.

Posted by edelfenbein at September 15, 2008 8:32 AM