Harvard Endowment to Outsource Most Management, Cut Jobs
About half of 230 employees will depart fund, the school says, as new CEO Narv Narvekar makes sweeping changes.
Harvard Academic Sees Debt Rout Worse Than 1994 ‘Bond Massacre’
Bond market is confronting the "perfect storm," says Paul Schmelzing, and debt investors face a multi-year period of sustained losses.
Harvard Raises Record $1.2B, but Slow Returns Crimp Budget
Fundraising total is second-largest ever in higher education; “more restraint on spending will be called for,” school says.
Why Yale Keeps Beating Harvard in the Endowment Game
David Swensen, who has led Yale’s strong performance, says his approach should not be a model for individual investors.
Harvard Study: Political Dysfunction Threatens U.S. Economy
Once the envy of many nations, the U.S. political system has become “our greatest liability,” three Harvard business professors say in a new study.
Sentimental Fools: Pity the Poor Mutual Fund Investor
Mutual fund investors exhibit remarkable skill when selecting mutual funds--remarkably awful, that is. How an advisor can help underperforming fund investors avoid sentimental pitfalls.
BlackRock, Harvard: Retirees Don’t Know What They Want, but It Might Be Annuities
“You don’t get a radically different answer when you change the wording of a question about whether you want chocolate or vanilla ice cream, but with annuities you do,” says Harvard professor David Laibson.
Kenneth Rogoff Asks: Is Modern Capitalism Sustainable?
Despite its flaws, the best economic system for now—in the face of no other viable alternatives—is 'today’s dominant Anglo-American paradigm,' says Harvard University economics professor Kenneth Rogoff in a column that went viral.