Yale Endowment Results: Trails Harvard for First Time

While Yale won’t announce its endowment performance results for a few months yet, a Yale paper has initial figures on it, and it looks a little weaker than expected. David Swensen has apparently managed to eek out single-digit returns, but lags Harvard for the first time in years. We don’t know yet whether it’s high or low single-digits — and either is admittedly way outpacing the market — but this will be interesting to watch.

More here.