MIT 23, YALE 22.9

MIT scored a return on its endowment that edged even Yale for the twelve months ending last June. So reports the NY Sun here.

Seth Alexander, a former member of David Swensen's team at Yale, now manages MIT's endowment. Another ex-Swensenite serves as Princeton's wealth manager.

As long as Swensen and his acolytes can produce outsize returns, hedge funds seem destined to remain in style.