More on the Endowment
Posted on August 23rd, 2007 in Uncategorized | No Comments »
Here’s yesterday’s Globe write-up on last year’s endowment returns.
The growth of Harvard’s endowment in a single year, $5.7 billion, dwarfs similar gains in the academic world. Other than Harvard, only six American universities held entire endowments larger than $5.7 billion at the end of the previous fiscal year, according to the National Association of College and University Business Officers.
One thing the Globe doesn’t mention that the Times did: El-Erian’s plan to start a website devoted to HMC that will make make the university’s investments more “transparent.”
It’ll be interesting to see what this means, but it’s an encouraging note to strike….