The World’s Biggest University Endowment Is Bringing Lackluster Returns
Harvard was an early pioneer in managing a university endowment fund to maximize returns. But leadership and strategy changes have come at a cost.
The Harvard University campus in Cambridge, Mass.
Photographer: Michael Fein/Bloomberg
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Harvard University’s endowment fund is larger than the endowment of any other university on the planet. That’s, in part, because of a pioneering investment strategy. But in recent years, the returns haven’t measured up to rival universities like Yale or Brown.
Bloomberg’s Janet Lorin joins host David Gura to talk about how Harvard University’s early edge seems to have waned in the midst of changing leadership and strategies.
Read more: Harvard’s Not-So-Smart Money: Two Decades of Poor Returns and Rich Pay
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