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.itDUALimpact

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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About Wilfred Mijnhardt
RMIMR is my virtual playground, a place to reflect on issues from my professional context, my job as Policy Director at Rotterdam School of Management, Erasmus University (RSM). RSM is the international university based business school at Erasmus University Rotterdam. More info here: www.rsm.nl Here is my list of relevant publications on the topic of my RMIMR weblog: http://www.mendeley.com/collections/694621/RMIMR-Repository/ The rss feed for my RMIMR collection is here: http://www.mendeley.com/collections/rss/694621/ Here is my other weblog on impact of research: http://www.scoop.it/t/dualimpact

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