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Breaking: Harvard's Endowment Surges 11.3 Percent to $32.7B!!!

Harvard University's endowment earned an 11.3 percent gain on investments in the most recent fiscal year to surge to $32.7 billion, university officials said.

The endowment for the nation's wealthiest university for the fiscal year that ended June 30, however, remains well below the high-water mark of almost $37 billion reached in 2008 before the worldwide financial crisis cost Harvard about $11 billion.

Jane Mendillo, president and CEO of Harvard Management Co., which oversees the Ivy League university's investments, said the endowment beat benchmarks and has recovered well since the recession started.

by Anonymousreply 409/25/2013

Since they had Larry Summers as president and Niall Ferguson as professor, they have been dead to me. DEAD. TO. ME. Cynical abandonment of their motto "Veritas"

by Anonymousreply 109/25/2013

The institution that gave us Reinhart and Rogoff who produced this "Poor Must Pay For The Rich's Tax Subsidies" debt ceiling made money.

How sweet.

by Anonymousreply 209/25/2013

What universities care about: MONEY.

by Anonymousreply 309/25/2013

Breaking: Jake Gyllenhaal's endowment surges 15%

by Anonymousreply 409/25/2013
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