"Harvard University said Thursday that it recruited a veteran investment manager from rival Columbia University to take over its struggling endowment.
The Cambridge school named N.P. “Narv” Narvekar chief executive of its $35.7 billion fund, the largest endowment in the higher education world. Narvekar, 54, has run the $9.6 billion Columbia endowment since 2002. He’ll take the reins at Harvard on Dec. 5." …
Couldn’t do much worse than the last guy.
@notjoe: well, everyone got bit in 2016. Perhaps Yale consistently besting Harvard’s performance was a factor?
http://www.newsmax.com/Finance/StreetTalk/Yale-endowment-Harvard-education/2016/09/23/id/749906/
Harvard has been underperforming its peers for a few years. In fact, it’s been underperforming the market generally for a couple of years. Probably time for a change.