Yale University reports an 11.5% return on endowment over the past fiscal year.

Yale University has made an 11.5% return on its endowment over the past fiscal period, bringing its total to $25.6bn.

The news comes as US universities begin to report endowment returns, and Yale’s position places I ahead of Harvard, which managed 5.8% in returns.

The best performing part of its investment portfolio was its venture capital stock, which averaged annualised returns at 18%, closely followed by foreign equities at 17.4%.