(Bloomberg) -- Yale University's endowment returned 40% in the last fiscal year, the latest U.S. college to report outsized investment returns.
The fund's value rose to $42.3 billion for the period ended June 30, Yale said in a statement Thursday.
Yale is the second-richest U.S. private college and in August named Matthew Mendelsohn as chief investment officer to succeed the late David Swensen.
The endowment is the largest source of revenue for the school in New Haven, Connecticut.
Read more: Harvard Endowment Trails Peers With 34% Return on Lower Risk
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