Jan 16 Yale University Endowment, with $19.3
billion in assets, said it generated a 4.7 percent return for
fiscal 2012, down from 21.9 percent the previous year.
The Yale endowment, one of the most secret and most
successful in the last two decades, said in its annual update
that it slashed its absolute return strategies to 14.5 percent
from 17.5 percent.
Over the past 10 years, the endowment grew from $10.5
billion to $19.3 billion as a result of disciplined and
diversified asset allocation policies and strong active
management results, the report added.