Economics

Harvard’s Endowment Loses Nearly $2B in Latest Fiscal Year

Harvard’s Endowment Loses Nearly $2B in Latest Fiscal Year

The most prestigious and exclusive American university just reported a $1.9 billion loss in its endowment. The 2% decline in the Harvard endowment for the fiscal year ended June 30 was its worst performance since 2009, when it lost $11 billion following the financial crisis. In its annual report, the endowment’s temporary President and CEO Robert…

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