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Stock impact report

Harvard endowment grows to $53.2 billion on strong returns during turbulent year [Yahoo! Finance Canada]

Aurora Innovation, Inc. - Class A (AUR) 
By Svea Herbst-Bayliss BOSTON (Reuters) - Harvard's endowment fund, the world's largest university endowment, grew to $53.2 billion in fiscal 2024 amid strong investment returns even though endowment gifts shrank by a third as donors protested how the school handled antisemitism on campus. Harvard Management Co said on Thursday that it earned a 9.6% return in the fiscal year that ended June 30. The return topped the school's long-term target of 8%, according to its annual report. A year earlier, the endowment earned a 2.9% return and stood at $50.7 billion. The school allocated 39% of its assets to private equity and 32% to hedge funds, and both portfolios "stood out for their strong performance," Harvard Management's chief executive, N.P. "Narv" Narvekar, wrote in a letter. The school invested 14% in public equities. Returns from Ivy League schools like Harvard are watched closely because they pioneered putting money into hedge funds and private equity funds. They are bein Show less Read more
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