Harvard’s Humbling: Richest Endowment May Look More Like Yale’s
- Search focuses on Yale-inspired investors like Columbia chief
- Turnover and lackluster returns plague a $37.6 billion fund
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In a rare comedown, Harvard is close to conceding defeat to Yale, at least when it comes to investing.
Harvard University has zeroed in on two leading candidates to helm its $37.6 billion endowment, the biggest in higher education, according to people familiar with the matter: N.P. ‘Narv’ Narvekar, who oversees Columbia University’s endowment and Amy Falls, who stewards Rockefeller University’s and is on Harvard’s investment committee.