The on-line version of The Wall Street Journal reports today that Harvard Endowment Loses About $8 Billion. As we read that article and the actual letter from Harvard it seems that endowment is down about 30% since June 30. (The university’s administration is not quite sure how much because the value of externally-managed private equity and real estate assets are reported on a lag. That is standard practice; so, the inexactitude is justified.)
Don’t fret; the endowment still has loads of assets. At one point, it seems that… Read the rest
