Harvard Management Co
In a year when most institutional investors rode out robust public markets, Harvard’s 8.1 percent investment return for fiscal year 2017 placed it last among Ivy League endowments.
Harvard's annual financial report indicates significant shifts in investment strategy in fiscal year 2017, including the jettisoning of billions in assets.
Yale University—the Ivy League school known for consistently leading the pack in annual investment returns—returned 11.3 percent on its investments for fiscal year 2017.
Harvard returned 8.1 percent on its investments in fiscal year 2017, a “disappointing” performance the firm’s CEO called “a symptom of deep structural problems at HMC.”
Not even Harvard’s cows are safe as Harvard Management Company undergoes a radical restructuring that it hopes will reverse a decade of lackluster returns.