Swensen Tops Harvard Again
According to Bloomberg, David Swensen, the investment chief of Yale University’s $18 billion endowment fund and author of the book “Unconventional Success”, has outperformed Harvard’s investment returns in fiscal year 2006, posting a 22.9 percent return on gains from hedge funds and stocks outside the U.S. He has also outpaced the S&P 500 index that returned 8.6 precent in the fiscal year ended June 30, 2006.
As of June 2005, The endowment fund’s allocation was
- 25% Hedge funds
- 25% Assets, including real estate, timber, and energy
- 17% Private equity
- 28% Stocks
- 5% Bonds
Stumble it!
September 28th, 2006 at 1:38 pm
[...] In an earlier post, we saw that David Swensen has 17% of Yale’s endowment fund allocated to “Private Equity”. [...]