Harvard Endowment Drops $8B in Steepest Loss Ever
Endowment's record plunge threatens school operations
(Newser) -
Harvard, the world's richest university, saw its endowment plunge 22% between June and October of this year, the worst loss in its history, the
Boston Globe reports. Revenue generated by the endowment, which fell by $8 billion, pays for 35% of the school's operation, and Harvard president Drew Faust expects...
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