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Asset Allocation
Harvard Endowment Returns 2.9%, Outperforming Many Peers
Venture capital investments dragged down returns in a muted year for alternatives.
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.
Investment management CEO says ‘disappointing’ returns symptomatic of ‘deep structural problems.’