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Harvard Investing Chief Is Disappointed With Fund’s Performance

TedTed
in The Bullpen
FYI: (This Is A Follow-Up Article.)

N.P. “Narv” Narvekar is “not pleased” with the performance of Harvard’s endowment as he overhauls it to catch his Ivy League rivals.

The head of Harvard Management Co. said in an annual report that the $41 billion endowment was weighed down by losses from illiquid stakes in natural resources in fiscal 2019. The school also paid a price for its relatively low allocation to private equity -- the best-performing asset class in the endowment.
Regards,
Ted
https://www.bloomberg.com//news/articles/2019-10-24/harvard-investing-chief-is-disappointed-with-fund-s-performance?srnd=markets-vp
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