MIT professor’s book digs into the eclectic, textually linked reading choices of people in medieval London.
The Massachusetts Institute of Technology Investment Management Company (MITIMCo) has announced that the Institute's endowment generated a return of 3.2 percent for the fiscal year ending June 30, 2008.
As a result of solid investment performance in a turbulent market, and as a result of gifts, the endowment's assets totaled $10.1 billion as of June 30, 2008, an increase of $88 million from the previous year, net of spending. For the past 10 years the Institute's endowment has had an annualized return of 13.2 percent.
Investment gains were broadly spread across MITIMCo's diversified portfolio, with private equity, real estate, and fixed income securities performing particularly well.
MITIMCo is a division of the Massachusetts Institute of Technology, created to manage and oversee the investment of the Institute's endowment, retirement plans and operating funds. As of June 30, 2008, MITIMCo had $14 billion of total assets under management.