The head of Harvard’s endowment expresses displeasure with the fund's recent fiscal-year performance, but sees “indicators of progress.”
The endowment of Yale University posted a net return of 5.7% for the fiscal year ended June 30.
Massachusetts Institute of Technology's endowment posted an 8.8% net return for the fiscal year ended June 30.
Timothy M. Donohue, CIO of Columbia University's endowment, was named chief investment officer of Kamehameha Schools.
Letitia Johnson was named chief investment officer for Amherst College, effective Sept. 9.
Harvard University paid its top six endowment officials $40.5 million total in 2017, including $9.3 million to CEO N.P. "Narv" Narvekar.
Jonathan Larkin was named a managing director at Columbia Investment Management Co., which manages Columbia University's endowment.
Private and public equity were the top returning asset classes for Harvard University's 2018 fiscal year.
U.S. endowments performed well in the most recent fiscal year, particularly those with healthy exposures to U.S. equities and alternatives.
After a dismal 2016, U.S. endowments had a good year, thanks to strong markets and smart asset allocation.