Endowment Performance

Since Harvard Management Company established its current, highly diversified asset mix and investment strategies for the endowment in 1991...

From The November-December 2004 Issue

Since Harvard Management Company established its current, highly diversified asset mix and investment strategies for the endowment in 1991, financial returns have been strong—and handsomely ahead of market results in general. The annualized rate of return for the past five years (even including the losses in fiscal years 2001 and 2002) is 11.8 percent—more than twice market benchmarks. For the past decade, the annualized rate of return has been 15.9 percent, 4 points more than market returns.  
Chart by Stephen Anderson
   

Published in the November-December 2004 print issue in the John Harvard's Journal section.

Most popular

FAS leaders say restructuring will be complete by mid-October.

A new federal rule sparks uncertainty for graduate students.

In her memoir All That's Unseen, Emilee Hackney explores religion, friendship, and home.

House - Email

Explore More From Current Issue

Five individuals are posed in a monochrome outdoor setting near a cinderblock building, some standing, some seated.

Visual Arts

Photographer and writer Morgan Smith chronicles life beyond the violence in Ciudad Juárez and other Mexican towns.

Star-filled night sky with the Milky Way arching over a rocky silhouette.

Science

There’s a growing movement to curb light pollution. It starts on your front porch.

Aerial view of modern high-rise buildings surrounded by greenery and city skyline.

Architecture & Design

In a sea of red brick, the Science Center and Peabody Terrace make their mark.