September 26th, 2011 | University

Stanford sees returns of 22.4 percent

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Photo by Alison Griswold.

Stanford University saw investment returns of 22.4 percent in the fiscal year that ended June 30, according to a Monday statement on the school’s website.

The returns brought the value of Stanford’s “merged pool,” which includes the university’s endowment, expendable funds and some capital reserves, to $19.5 billion as of June 30. The figures released by Stanford continue to follow experts’ predictions that colleges and universities will see roughly 20 percent growth in fiscal year 2011. Yale has yet to release the latest numbers on its endowment performance.

Despite the double-digit returns, John Powers, CEO of the Stanford Management Company, said in the statement that the fiscal 2011 performance has not alleviated worries about the current global economic uncertainty.

“We remain concerned about the uncertain macroeconomic climate and its impact on global financial markets,” Powers said.

Stanford’s performance just tops that of Harvard’s investments, which announced gains of 21.4 percent on Thursday. Stanford also outperformed Harvard in fiscal year 2010, returning 14.4 percent to the Crimson’s 11 percent.