As the subprime mortgage crisis and falling stock prices caused many investors to lose money this year, Harvard University’s endowment came out ahead, gaining a 9-percent increase at the close of its fiscal year in June, reports The Wall Street Journal.

The university’s investment managers increased the endowment to $35-billion using a mix of Treasury debt, commodities, and hedge funds. The endowment’s average return over the past decade is 15 percent.

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