(Reuters) – Harvard University's endowment fund has made a gain of 7 percent to 9 percent for the fiscal year ended June, boosted by investments in commodities, Treasuries and some strong hedge-fund performers, the Wall Street Journal said on Thursday, citing people familiar with the returns.
The returns were below the endowment's average annual return rate of 15 percent over the previous decade but in a year when the subprime crisis and plunging stock markets caused many institutional investors to post their worst performance in six years those returns still put it at the top of its class, the Journal...
