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Harvard Endowment to Have “Better Year” as Markets Recover
March 18, 2010
Harvard University's endowment, which lost more than $10 billion last year, will likely benefit from recovering markets this year, President Drew Faust told reporters today in Shanghai. Faust said Harvard Management Co. Chief Executive Officer Jane Mendillo, who manages the $26 billion endowment, has adjusted her investment strategy to cope with the global financial crisis, a shift that should pay off for the wealthiest U.S. school as markets rebound.
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