December 05, 2008
– Comments (3)
Looks like Harvard's endowment fund has lost $8 billion...
Looks like another way young people are going to be hard hit...
Article makes no sense.
States Harvad fired the fund managers who were beating the indexes, and are stupid for doing so.
When being down 22% over the last 4 months means they've outperformed the S&P by, a hefty 13%.
They have lots of other non stock assets — they are not just running equities.
IIRC Harvard's endowment invests mostly in bonds?