Harvard Leads in Endowment Manager Pay as Returns Trail Peers
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Harvard University isn’t letting underperformance get in the way of top pay.
Ten of the 25 highest-paid U.S. endowment executives at the richest private universities worked for Harvard Management Co. in 2012, the most recent year available, according to data compiled by Bloomberg. Harvard also paid senior managers at its $32.7 billion fund more than what leaders of peer endowments made, even as its investment results trailed the others.