Interesting to note that Harvard’s $37.1billion endowment is bigger than half the world’s economies.
But on the second point, Harvard has floundered, turning in consistently “disappointing” endowment returns with material consequences across the University. Harvard Management Company, the University’s investment arm tasked with growing the endowment, has been forced to undergo some institutional soul-searching after years of falling behind peer institutions: This year, the gap between Harvard’s and Yale’s endowments narrowed to within $10 billion.