Yale endowment returns top peers
Outpacing recent performance by its peer institutions, Yale's endowment generated a 22.9 percent return last year, the university's investment office said Monday.Now valued at more than $18 billion, Yale's endowment is second in size only to Harvard's, which grew to $29.2 billion in the 2005-06 fiscal year ending June 30, according to numbers released by the Harvard Management Company last week.The Princeton University Investment Company (PRINCO), which manages the University's endowment, is expected to release its 2005-06 numbers after its board of directors meets on Oct.