Harvard's endowment, once the largest in the university sector, faces challenges that may lead to its decline, particularly against the backdrop of the University of Texas's rising fortunes fueled by energy revenues. Factors contributing to Harvard's struggles include management issues, external controversies, and a decrease in donations, alongside scrutiny over its investment strategies and leadership changes. As the competition intensifies, the future of Harvard's financial dominance hangs in the balance.
Harvard's $53.2 billion endowment achieved a 9.6% return in fiscal year 2024, driven by strategic manager selection and significant shifts in asset allocation. The endowment reduced real estate and natural resources exposure while increasing private equity and hedge fund allocations, with technology stocks contributing to the strong performance. Despite private equity underperforming relative to public markets, the overall results positioned Harvard favorably among Ivy League peers.
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