Boston Globe – Harvard University’s endowment climbed 11 percent for the year ended June 30, adding $1.4 billion to the school’s wealth but underperforming other large funds and the stock market.
The nation’s largest endowment, with $27.4 billion in assets, benefited from rebounding markets, as stocks rallied and nearly every investment category posted gains through the first few months of this year, according to the annual report from Harvard Management Co., which oversees the fund. US and foreign stocks were among the best performers, with double-digit gains, along with private equity — investments that had helped drag the fund down a stunning 27.3 percent amid the financial crisis in fiscal 2009.
