Harvard Writes Off As Much As $2.9 Billion In Endowment Losses


Harvard-seal-3The head of Harvard’s massive endowment, Jane Mendillo, has reported a staggering loss of roughly $1.1 billion in its holdings — an amount larger than the total value of most academic endowments.  It is an astonishing loss coming only six years since Mendillo took over the endowment and is being attributed to her heavy bet on natural resource investments.

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About Jim Rose

Utopia - you are standing in it promotes a classical liberal view of the world and champion the mass flourishing of humanity through capitalism and the rule of law. The origin of the blog is explained in the first blog post at https://utopiayouarestandinginit.wordpress.com/2014/03/12/why-call-my-blog-utopia-you-are-standing-in-it/

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