Harvard posts investment gain in fiscal 2023, endowment stands at $50.7 billion

  • 📰 SaltWire Network
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Explore stories from Atlantic Canada.

Masstown farmer launches pumpkins over a kilometre for charity | SaltWireBOSTON - Harvard University's endowment fund, the world's largest university endowment, posted a small investment gain that bested several other top U.S. universities' returns but saw the value of the fund shrink as more was paid to university operations.

Returns from these schools are watched closely because they pioneered putting money into hedge and private equity funds.However, with only an 11% allocation to stocks,"the endowment's FY23 return does not reflect a significant impact from public equity movements," Harvard Management's Chief Executive Officer N.P."Narv" Narvekar wrote in a letter.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 45. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines