The Massachusetts Institute of Technology endowment fund, Cambridge, Mass., returned 23% for the year ended June 30, according to the National Association of College and University Business Officers' preliminary listing for fiscal 2006. The official listing will be released in November. Officials at MIT attributed the returns to the $8.4 billion fund's 30% combined allocation to private real estate and private equity, according to a news release.
MIT endowment gains 23% for 12-month period
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