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News & Notes: Yale leads in Ivy League endowment returns

Over the last two weeks, four of the eight Ivy League schools posted their endowment investment gains in the past year, with Yale leading the pack at 20.2 percent, according to Bloomberg News.

Yale’s endowment grew from $20.8 billion to $23.9 billion, the Yale Daily News reported.

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Dartmouth reported a 19.2 percent gain in its endowment, the University of Pennsylvania reported a 17.5 percent gain, and Harvard trailed with a 15.4 percent gain.

Although Harvard beat its internal benchmark with an endowment of $36.4 billion, illiquid investments in its private-equity portfolio negatively impacted returns, Chief Executive Officer of Harvard Management Co. Jane Mendillo said in a report.

In the last two years, Harvard has had the worst-performing endowment in the Ivy League, Bloomberg reported.

The Massachusetts Institute of Technology reported a 19.2 percent growth in its endowment, while Duke University reported a return of 20.1 percent. The Wilshire Trust Universe Comparison Service published an industry benchmark for endowments and foundations of 15.6 percent for the given period.

Princeton, Brown, Columbia and Cornell have yet to post their returns.

Princeton University Investment Company president Andrew Golden recently said that the University’s gains would be in the “high teens.”

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