October 14, 2005

Harvard Endowment Nears $26-Billion

By ERIN STROUT

Harvard University's endowment earned a 19.2-percent return and grew to $25.9-billion in the 2005 fiscal year, the institution has announced. The university also selected an interim chief investment officer to manage the endowment as it seeks a permanent replacement for Jack R. Meyer, whose last day was September 30.

The return did not beat the 21.1 percent the endowment earned last year, but it nonetheless grew by $3.3-billion over the 2004 fiscal year.

The Harvard Management

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