The multi-billion dollar endowment funds for US universities Yale and Harvard, revered as some of the world's premier institutional investors, grew less over the course of last year than those of some of their non-Ivy League rivals including Duke, Notre Dame and Chicago Universities.
The college endowment for the University of Notre Dame, a catholic university in Indiana, increased by almost 35% last year to $6bn (â¬4bn), making it the fastest-growing in the top 20 by size. Other, smaller endowments grew more, but none with more than $1bn in assets.