Harvard University's endowment is down about $1 billion in the 12 months through June, Bloomberg reported. The fund, still the largest university endowment in the world, ended up at $30.7 billion, down about 0.05 percent. Harvard, like many other universities, saw major losses the year that the recession started, but many other universities have been posting gains more recently. Harvard officials said that their losses were due to investments in publicly traded non-U.S. companies and in "emerging market" shares.
- Tepid endowment returns pose another revenue constraint to universities
- Quick Takes: Costs of Remedial Ed, Colleges Assess Ike Damage, Harvard's Endowment Hits $36.9B, Mich. State Strips Mugabe of Degree, Oshkosh Is 'Fair Trade' Institution, Journal Lets Readers Vote, Hebrew U. Moves to Bar Professor-Student Sex
- How Much Is Enough?
- Adding Up the Damage
- Early endowment results show college investments lost value
Search for Jobs
Popular Job Categories