
Endowment Tax Hits Harvard’s Investment Strategy
Dean says university will refrain from making long-term commitments due to 1.4% excise tax.
Dean says university will refrain from making long-term commitments due to 1.4% excise tax.
But 10-year average annual dips to 4.6%.
Recruiters say Pellegrino’s choice demonstrates a trend in more crossover CIO hires.
New 1.4% tax on private colleges’ investment income could be a ‘harbinger’ for non-profit entities.
Data shows Ivy League endowments are increasing their focus on private investments.
New standards could lead to divestment, but only ‘as a last resort.’
Investment management CEO says ‘disappointing’ returns symptomatic of ‘deep structural problems.’
Long-term portfolio assets rise to $10.9 billion from $9.7 billion.
Asset value climbs $1.4 billion to $11.8 billion.
Strong returns help boost the university’s endowment over $1 billion.
Investments' value rises by $1.6 billion to $23.8 billion.
Endowment value climbs to record $7.9 billion.
Asset value rises nearly $2 billion to $27.2 billion.
Endowment gains 10.7%, grows to $24.8 billion.