, Columnist
Harvard Goes Back to Hedge Fund Basics
Endowment goes against the grain in a vote of confidence.
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Not everyone is down on hedge funds. While institutional investors nationwide are trimming them from their portfolios, the world’s biggest academic endowment will soon allocate billions of dollars to the beleaguered sector.
A new era is underway at Harvard University’s endowment. Nirmal P. Narvekar -- formerly the chief executive of Columbia University’s endowment -- recently took the helm at Harvard, and big changes are afoot.