Harvard Loses Things
Written by Bwog Staff
While the value of Columbia’s endowment rose a relatively measly 2% last fiscal year, our friends in Cambridge saw their endowment grow 8.6%. But the tables are turning. Between June 1 and October 31, the WSJ estimates, Harvard lost about $8 billion — that’s 22% — of its endowment. Well, yikes. No word yet on how much Columbia lost in the same period.