University | 10:59 pm | February 15, 2012 | By Gavan Gideon

Yale bought $23.2 million in Chinese index fund

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Photo by Creative Commons.

Yale acquired a roughly $23.2 million stake in a Chinese index fund during the last fiscal quarter.

According to a report the University filed with the Securities and Exchange Commission for the three-month period that ended Dec. 31, the Yale Investments Office also sold shares in TiVO, Inc. and bought shares of Zipcar, Inc. The investments listed that were also in last quarter’s Form 13F — which the SEC requires of all institutional investment managers who oversee more than $100 million in public equities — increased in value between October and December.

But the $200 million of holdings in the filing indicate little about the overall performance of Yale’s investments, as they only represent about one percent of the University’s $19.4 billion endowment. The vast majority of Yale’s endowment funds are not listed in the report because they are handled by managers external to the University. International equities, hedge funds, private equity and real asset classes are also not included in the filing.

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