Harvard posts investment gain in fiscal 2023, endowment stands at $50.7 billion

Harvard University's endowment fund, the world's largest university endowment, posted a small investment gain that bested several other top U.S. universities' returns but saw the value of the fund shrink as more was paid to university operations. Harvard Management Co said on Thursday that it earned a 2.9% return in the fiscal year that ended June 30, leaving the total endowment at $50.7 billion. Returns from these schools are watched closely because they pioneered putting money into hedge and private equity funds.