Harvard Management Co
A group of alumni decried “excessive” compensation for executives at Harvard Management Company in a letter sent Monday to the Harvard Corporation.
Harvard’s traditional revenue sources—including returns on its endowment—may be subdued in the coming years, a reality that could “significantly constrain” future University budgets, according to Harvard’s annual financial report released Tuesday.
Harvard Management Company employees accused the University's investment arm of setting artificially low benchmarks and overcompensating top managers, Bloomberg reported Thursday.
Incoming Harvard Management Company CEO N.P. Narvekar oversaw negative 0.9 percent returns on Columbia University’s investments during his last fiscal year on the job.
Columbia University endowment manager N.P. Narvekar will serve as the next CEO and president of Harvard Management Company, taking the reins of the world’s largest university endowment at a time of instability, the University announced Thursday evening.
The near $2 billion drop in Harvard’s endowment will constrain budgets, University President Drew G. Faust said in an interview Tuesday.
In a rough year for university endowments, Yale returned 3.4 percent on its investments in fiscal year 2016, beating out Harvard’s negative 2 percent returns over the same time period.