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…
