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The Investment Strategy Behind Harvard’s Record Endowment — and How It Fell Apart

Big Take

CHAPTER

Harvard's Endowment Challenges and Strategic Comparisons

This chapter explores the differing investment approaches of Yale and Harvard's endowments, focusing on Yale's successful long-term partnerships with external managers. It also critiques Harvard's financial reliance on its endowment amidst growing alumni dissatisfaction and questions its future sustainability.

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