Thursday, March 1, 2018

"Harvard Blew $1 Billion in Bet on Tomatoes, Sugar, and Eucalyptus"


its top money managers—who were paid $242 million from 2010 through 2014


Harvard over the past decade ended June 30 posted a 4.4 percent average annual return, among the worst of its peers. It even lagged the simplest approach: Investing in a market-tracking index fund holding 60 percent stocks and 40 percent bonds, which earned an annual 6.4 percent.