Harvard University's endowment posted an 11.3% return and was valued at $32.7 billion for the fiscal year ended June 30, confirmed spokesman Kevin Galvin.
The return exceeded the Cambridge, Mass.-based university's benchmark by 223 basis points.
Jane Mendillo, Harvard Management Co. president and CEO, said in a statement that the endowment's performance this year “contributed about $600 million of additional value to the portfolio over and above the markets.”
At the end of the 2012 fiscal year, the Harvard endowment earned an investment return of -0.05% and was valued at $30.7 billion.
Over the last three years, the average annual return on the endowment has been 10.5%. Its average annual return over the last 10 years has been 9.4% and over the last 20 years, 12%.
