Harvard richer than ever; the top university’s asset managers do an extremely smart job at making sure that the world’s richest university gets even richer.

Via Scoop.it – DUALimpact

23 september 2011 – Harvard, the world’s richest university, grows even richer. Its asset managers achieved a 21,4% return on their investments within the past year. This boosted Harvard’s endowments to a total of $32 billion.   Within a year Harvard managed to realize a 21,4% return on its investments, according to reports by Bloomberg and Harvard Magazine. This boosted its funding endowment by $4,4 billion to a total of $32 billion ($23,6b). Approximately 1/3 of Harvard’s expenses are funded from these endowments. Universities in the Netherlands are publicly financed and therefore do not invest capital to expand their wealth. Harvard does and successfully so. By comparison: While Harvard had an annual operating budget of $3,7 billion (€2,75m) in 2010 the richest university in the Netherlands is Utrecht University with a total budget of €750 million followed by University of Amsterdam with €613 million.
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