The New York Times: Beyond the Ivied Halls, Endowments Suffer
Harvard has a nearly $37 billion endowment, the largest among universities in the United States. It has been marketing its $1.5 billion stake in buyout and venture capital firms.
Among institutional investors, school endowments aggressively embraced private equity, real estate partnerships, venture capital, commodities, hedge funds and other so-called alternative investments over the last few years. Endowments with more than $1 billion in assets reported 35 percent of their holdings in these types of investments on average last year, a much greater portion than big public pension funds, for example.
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