While Ivy League rival Harvard may still have the largest endowment in America, Bloomberg reported today that the fastest growing endowment in America was at Yale. Yale University's endowment grew by a whopping 28 percent during the fiscal year that ended on June 30.

Harkness Tower on the Campus of Yale

The Yale endowment is now worth over $22 billion. The 28% growth rate was the best since since 2000 when the fund grew by 41% in a single year. The public radio show Marketplace took at look today at some of the ways university endowments manage to reach such high growth rates.

In his blog today, Phil Deely takes a quick look at how Yale's endowment is managed.

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