Yale's already hedge-fundy endowment had a banner fucking year:
Yale’s endowment reported a 40.2% investment return, net of fees, for the year ending June 30, 2021, earning $12.1 billion in investment gains. The endowment value increased from $31.2 billion on June 30, 2020 to $42.3 billion on June 30, 2021. Endowment distributions to Yale’s operating budget during the period amounted to $1.5 billion, covering 35% of the university’s budget.
The endowment is structured to support the university in perpetuity. Yale pursues an investment strategy constructed to produce superior long-term performance through the careful consideration of risk and return across asset classes, including public equities, absolute return, leveraged buyouts, venture capital, and real assets, and through the astute selection of external investment managers within those asset classes.
I don't know much about these sort of things but I'm *guessing* they'll pay $0 in taxes on this. #bullshit
No regrets for not even applying the Yale back in the day, people!!!!
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