Harvard's Endowment Soars to $53.2 Billion, Reports 33.6% Returns | News
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Harvard Management Company returned 33.6 percent on its investments for the fiscal year ending in June 2021, skyrocketing the value of the University’s endowment to $53.2 billion, the largest sum in its history and an increase of $11.3 billion from the previous fiscal year.
The returns were announced in a note from HMC CEO N.P. “Narv” Narvekar in the University’s Annual Financial Report published Thursday.
Narvekar wrote in his announcement that public and private equity markets were the …
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