Harvard’s endowment, with $50.7 billion of assets under management, posted a 2.9 percent return for the fiscal year that ended June 30.
N.P Narvekar, the chief executive officer of Harvard Management Company, noted that while the endowment’s limited exposure to public equities is one of the reasons that it reported only a 2.9 percent gain during a fiscal year where the S&P 500 was up 19.6 percent, that limited public equities exposure also helped Harvard Management Company to weather the 2022 fiscal year’s double-digit public equity decline with a -1.8 percent return for the endowment.
Harvard’s endowment has 5 percent of its portfolio allocated toward real estate.
