Years of Lackluster Returns Distress Harvard’s President

It’s a rare day when the president of Harvard University openly frets about the investment performance of its endowment, the largest in the education world.  But that’s exactly what Drew G. Faust did this week, making clear that the $37.6 billion fund is on watch, after being trounced by its Ivy League rivals — not just last year, but over 10 years.