In an article published by The Washington Post on Sept. 28, 2016, Ed Klees offers his perspective on the surprising news of Harvard’s two percent loss on its investments for the year. The article details the importance of endowment performance, as these funds are used to provide students with scholarships, the school with the ability to build construction and to fulfill employees’ salaries. “Everybody treats it like a box score,” said Klees. “You look and say, ‘Okay, Yale beat Harvard. Dartmouth beats Stanford.’ It’s particularly unfair for Harvard because Yale is managed by David Swensen, who is the Michael Jordan of institutional investors.” For the full article, you may click here.
Kristen M. Chatterton