She issued a response to the Vanity Fair article claiming that the endowment would be down only 22-23%.

According to the Boston Herald, Faust says 30% is still the magic number.

She writes:

… “the virtually unprecedented market conditions of the past year lead us to believe that, when the valuations on all of our illiquid investments come in and our year officially closes, our returns will be in line with our earlier projections of a 30 percent decline, and in line with our peers who are following similar investment strategies. Recently reported assertions about Harvard’s endowment performance are inaccurate.”

My guess is still 27-28%…with the caveat that the number is virtually meaningless, because you can’t trust the valuations of the illiquid investments. But it’s interesting that Faust felt compelled to respond to an anonymous quote….