03/28/2008 02:45 am ET Updated May 25, 2011

Yale Endowment Grows By 28 Percent

The Yale Endowment, which has led the academic world in investment performance over the last decade, posted a 28 percent return yesterday for the fiscal year ended June 30, bringing its total value to $22.5 billion.

The endowment, which has been run by David F. Swensen since 1988, outperformed all its competitors, according to preliminary data widely circulated among endowment offices.

The Yale Endowment has had a 17.8 percent average annual return over the last decade, beating Harvard, its nearest rival in size, by 2.8 percentage points. During that 10-year period, Princeton came closest to Yale, with a 16.2 percent return.

Read more on New York Times