MIT's Investments Gain 10%, Beating Yale, Trailing Harvard

Source: bloomberg.com Posted By: Bailey C...4953 days ago

The Massachusetts Institute of Technology’s investments rose 10 percent in the past year, lagging Harvard University’s 11 percent gain and beating Yale University’s 8.9 percent return.

The endowment’s value rose 5.1 percent to $8.3 billion in the year ended June 30. That included $104 million in donor gifts and $460 million in distributions to the university, MIT said today in an e-mailed statement from Cambridge, Massachusetts.

MIT’s fund, overseen by Seth Alexander, generated an average annual....

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