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.
Daga is reunited with Harvard Management Co. CEO Narv Narvekar.
CEO Narv Narvekar says it will be a few years before restructuring results will be seen.
Improved performance still lags other major universities.
Rich Hall, who left Texas Teachers’ for Harvard, returns to Texas to join UTIMCO as deputy CIO. Harris says, "There are no near term plans to alter the endowment’s basic asset allocation at this time."
Investment management CEO says ‘disappointing’ returns symptomatic of ‘deep structural problems.’