Harvard University Cashing In On Inflation

EconomcPolicyJournal.com ^

[Kozman]

...Harvard's endowment posted returns of approximately 9 percent through the first 10 months of this fiscal year, according to data from the University. The increase puts the endowment's value at around $38 billion as of this April, up from $34.9 billion as of last June...During the same period the S&P 500 Index lost 8 percent. So how did Harvard do it?

Heavy bets on inflation...a full 24 percent of Harvard's endowment was a bet on inflation...

[steelyourfaith]

For being a bastion of anti-capitalist liberalism these guys sure appear to be fixated on the moolah.

[Gay State Conservative]

For being a bastion of anti-capitalist liberalism these guys sure appear to be fixated on the moolah.

If you drive down Brattle Street in Cambridge,which is where many senior harvard administrators and faculty members live, you'll quickly understand that these folks are *anything* but anti-capitalist....at least when it comes to their own lives.

[thefactor]

i bet they raised tuition again, too.

and when they raise it, their excuse will be: inflation.