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Article: Harvard Management rolls unchallenged Its fund is tops over 5 years, giving school no reason to step in
- Article from:
- The Boston Globe (Boston, MA)
- Article date:
- September 25, 1997
- Author:
CopyrightCopyright 1997 The Boston Globe. Provided by ProQuest LLC. (Hide copyright information)
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With Harvard Management Co. continuing to post spectacular
performance numbers, the question of what the university should do
with its money management unit seems to have answered itself: Leave
it alone.
Harvard Management yesterday reported it had a total investment
return of 25.8 percent for the fiscal year ended June 30, following a
similarly strong performance a year earlier. Harvard topped the
median performance of other institutional funds for the period by 5.5
percentage points vs. 85 large funds tracked by the Trust Universe
Comparison Service. That would put Harvard in the top 5 percent of
such funds for the year.
The numbers are just as impressive for five years. Over that
period, ...