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’Harvard, Yale see endowment losses
Harvard and Yale on Thursday disclosed big losses in their endowments in the last year, signalling yet more cost cuts at the prestigious US schools, reports the NYT. Harvard’s endowment tumbled 27.3% in its latest fiscal year,
Harvard and Yale scupper Nordwind ambitions
The Harvard and Yale university endowments are among a group of investors that has blocked a deal agreed by a German buy-out fund, highlighting how the balance of power in the private equity industry is shifting back to investors.
Harvard: Application for financial aid
Oh dear. Harvard’s endowment fund, once the envy of hedgies, looks set to lose 30 per cent of its circa $40bn value in the current fiscal-year — just as Moody’s predicted a few weeks ago.
From Harvard President Drew Faust’s letter to the university’s council of deans:
Harvard veritas
There’s more than a bit of situational irony that just as hedge funds’ idolisation of the US endowment model reaches fever pitch, Harvard’s $35bn fund announces it’s having some difficulty.
Via Business Sheet,
Harvard’s hedge fund copy cats
Roger Nusbaum may well have spotted an outbreak – and who can blame would-be imitators when Harvard’s endowment fund is returning 7 to 9 per cent in a bear market, according to the WSJ.
Harvard’s success this year (still below its 15 per cent historical average and the 23 per cent gain it posted last year) was based on a decidedly non-traditional asset mix of 34 per cent in stocks,
Harvard: why CDOs are economic catastophe bonds
Class, pay attention.
It’s often said that academics live in a bubble. Of course it’s pretty clear that this summer most of the debt markets have been in one. Ironic then, that if you’d bothered to keep up with the latest from Havard Business School back in July,
Harvard in $1bn Middle East foray
The Harvard Endowment is making its first substantial foray into Middle East investment, teaming up with a regional investment bank to raise a $1bn fund for investments in local markets, primarily through listed equities.