Asset Allocation
Harvard Assets Reach $53B With 9.6% Return, Endowment Remains World’s Largest
Harvard Management Co. CEO Narvekar attributes returns to public equities, while alternatives lagged.
The fund, pledging to hit the goal by 2050 for its investments, has at least gotten there in its own physical operations.
Report says endowment’s $1 billion global land grab has displaced communities and hurt the environment.
Kat Taylor accuses $37.1 billion endowment of funding ‘pernicious activities.’
Members of the class of 1969 want the $37.1 billion endowment to be more passive.
Move is another step in HMC’s plan to work with more outside managers to boost returns.