Yale Beats Harvard, Sort Of

Yale's endowment lost about 30% of its market value in the 12 months ending last June 30, dropping to about $16 billion from $22.9 billion. Harvard's endowment lost "only" 27.3% over the same period, dropping to $26 billion from $36.9 billion.

Update. The Wall Street Journal declares the Yale-Harvard investment-losses game a tie. (The shrinkage in Yale's endowment presumably reflected spending as well as investment losses.)