Return of 8% for Harvard Endowment

Its emerging market holdings and private equities holdings exceeded their benchmarks by about 3 percent. Harvard also beat its benchmarks for domestic, foreign and inflation-indexed bonds. That sector accounted for 15 percent of the portfolio and in each case outperformed the indexes from 2.8 percent to 4 percent.

Its real assets — liquid commodities, timber and land and real estate — beat the benchmarks by nearly 3 percent.