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September 25, 2013

Harvard and Yale Endowments Show Double-Digit Gains

After a flat performance in the 2012 fiscal year, Harvard University posted an 11.3-percent gain on its endowment this year, leaving the country's biggest college endowment with $32.7-billion in assets as of June 30, reports The Boston Globe.

Yale University, the country's second-richest college, ended the fiscal year with $20.8-billion in its endowment after seeing investment gains of 12.5 percent.

Stocks, hedge funds, and real estate drove Harvard's improved performance following a fiscal 2012 in which the university's portfolio showed no gain on investments. Yale reported a 4.7 percent increase in fiscal 2012.