Yale endowment creams Harvard’s

The two schools, Harvard and Yale have been competing practically ever since they were founded.  There is more to it than just the traditional Harvard-Yale football games; there are the two university endowments, which are followed closely by fund managers because of the schools’ differing styles and reputation for shrewd investing strategies. 

Yale University, the world’s second-wealthiest university, announced that its endowment fund returned 22.9 percent in 2005-06, beating returns by wealthier rival Harvard University for a second straight year. Of course, Yale won’t reveal how they did it.  Does Macy’s tell Gimbels? 

Yale endowment returns 22.9 pct [Reuters]

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