It didn’t beat Yale’s 28%, but Stanford’s endowment jumped a perky 23% in the year ended June 30 (tying Harvard’s 23% gain). Assets stood at $17.2 billion, making it the third largest college endowment, after Harvard ($34.9 billion) and Yale ($22.5 billion).
The investment return for 12 months ended
June 30 helped lift Stanford’s endowment assets to $17.2 billion, John Powers,
head investor for the school, near Palo Alto, California, said in an interview
today. Stanford has earned an average of 15.1 percent a year in the past
decade.
“Those asset classes were pretty strong across the board,” Powers, the chief
executive officer of Stanford Management Co., said of his fund’s
top-performing investments. Stanford doesn’t disclose how its money is
allocated.
Stanford Endowment Rises 23 Percent on Non-U.S. Stocks, Buyouts – Bloomberg
Tags: Endowments, Harvard
