After a disappointing year in which its endowment fund actually lost money, Harvard University fired half of its investment staff, writes Mark Hulbert in last week’s MarketWatch. However, he argues,…
Tag: Endowment Funds
Harvard Endowment Goes Back to Basics
Last year, Harvard University allocated 14 percent of its $35.7 billion endowment fund to hedge fund strategies, but managed these internally rather than through outside managers. This according to a…
Swensen's Yale Endowment Model Not a One Size Fits all Investing Approach
The evolution of Yale University’s endowment fund has become something of legend, as described in a recent article in Chief Investment Officer. In the mid-80’s, as the story goes, the…
David Swensen: The Gatekeeper of Yale's Endowment Fund
At $25.4 billion, Yale University’s endowment fund is one of the largest in the country. Since 1985 (when it totaled $1 billion), it has been overseen by David Swensen, described…
The Elite Edge in Market Performance
Elite university endowments, such as those of Harvard and Yale universities, have been the envy of many for years, writes Bloomberg’s Nir Kaissar. But things have changed. Notwithstanding the “countless…