Institutional Investors Performance

Yale returns less than 10%


Yale University’s endowment, the model for many US university investment portfolios, failed to earn double digit returns for the year ended 30 June 2010.

The nearly $17 billion endowment reported gains of 8.9% or roughly $1.4 billion last year. The Yale “model” still outperformed the most college and university endowments which are estimated to have earned 4.2% on average.

Over the last 20 years, Yale has been the gold standard, returning 13.1% per annum and growing from $10 billion to $16.7 billion. In fiscal 2010, however, Yale’s large exposure to real assets (real estate, oil and gas, and timber)