BOSTON, September 22, 2009, Reuters — Yale University said on Tuesday that its endowment produced an investment loss of 24.6 percent in the fiscal year ended June 30, when big bets on private equity holdings, real estate and commodities soured.
September 11, 2009, The Wall Street Journal — It's a tie in the Harvard-Yale investment game. Both schools were thrown for colossal losses.
September 4, 2009, Yale Daily News — That Yale secured enough donations to continue with its renovation of the Art Gallery’s facilities came as a lone bright spot after a difficult year for the University’s fundraisers.
July 22, 2009, Bloomberg — Harvard University and Yale University are preparing for an extended period of austerity as U.S. colleges are forced to cut spending next year and beyond to offset the biggest investment losses since 1974.
June 23, 2009, Bloomberg — When young Yale graduates need to hit up other alumni for charity, they tap the Old Boy and Girl Internetwork.
June 6, 2009, New Haven, Conn., The Wall Street Journal — Richard Levin, the longest serving president in the Ivy League, had enjoyed a charmed run at Yale. In his first 15 years Yale's endowment notched up the best returns of any university's, and its innovative investment strategy became a model for many others. Mr. Levin rode the bull market to restore morale, launch a building spree, and strengthen the school in sciences and internationally. Yale dollars even spruced up shabby New Haven.
April 22, 2009, The Wall Street Journal — For many years, the Harvard and Yale endowments performed brilliantly, far outpacing the major stock market averages. They grew and grew, and their strategies became widely popular among professional investors. Yale's lead money manager, David Swensen, became a kind of guru for endowment investing and published "Pioneering Portfolio Management" in 2000 to codify his insights. In 2005, he brought out "Unconventional Success," a popular book that tried to explain to individual investors how they could mimic aspects of his approach to managing Yale's money.
HARTFORD, Conn., April 3, 2009, Newsday — Yale University will use a $50 million gift from a New Jersey couple to launch a new global affairs program designed to better prepare students for careers in diplomacy and other international jobs, school President Richard C. Levin said Friday.
