Harvard Investments Valued at $3 Billion
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CAMBRIDGE, Mass. — The market value of Harvard University’s investments topped the $3 billion mark for the year that ended June 30, according to the university’s annual financial report.
Together with $165.4 million in income on the stocks, bonds and other securities, the run-up in value gave the Ivy League university a 26.6% return on its investments for the year, the recently released report said.
About 94% of the amount belongs to Harvard’s endowment, possibly the largest of any educational institution in the United States, while the other 6% includes pension funds, charitable trusts and reserves, the report said.
“I was pleased,” Walter M. Cabot, president of the Harvard Management Co., told The Boston Globe. “It wasn’t easy to achieve those kind of returns last year.”
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