Yale’s $41.4 Billion Fund Reports Second-Lowest Ivy Return (1)

Yale University’s endowment recorded a 5.7% investment return during the year ended in June, the lowest in the Ivy League except for Princeton.

The Yale fund’s value increased to $41.4 billion, the school said in a statement Friday. The endowment contributed $2 billion to operations at the New Haven, Connecticut, university last year.

Yale’s endowment pioneered a shift away from US equities and increasing bets on alternative assets such as private equity and hedge funds. As a result, many of the richest colleges have mostly missed out on a recent stock rally, with the S&P 500 index surging ...