Harvard Seeks Fund Chief for the Long Haul

Last year's return, 11.3%, was nothing to write home about. Five-year return? Try 1.7%.

I know we're going for the trifecta, but Phyllis Borzi says that management fees eat up returns on your investments. They should have gone with a no-load index fund. Buy 'em and hold 'em.

Harvard Seeks Fund Chief for the Long Haul

Markets
Harvard Seeks Fund Chief for the Long Haul
The Ivy League University Is Searching for Its Fourth Chief Executive in Nine Years

By Dan Fitzpatrick
Updated June 23, 2014 12:38 p.m. ET

....
The return on Harvard's endowment was 11.3% for the year ending June 30, 2013, according to a September report from the management company, roughly in line with the average of other U.S. colleges and universities.

In the past five years Harvard's return of 1.7% trailed those of several Ivy League rivals, according to data provided by Charles Skorina & Co. During the same period Columbia University, Princeton University and Yale University posted gains of 6.8%, 4.2% and 3.3%, respectively.
....

—Rob Copeland contributed to this article.

Write to Dan Fitzpatrick at dan.fitzpatrick@wsj.com

This was one comment:

Parker Mitchell

University of Virginia, while a public school, is still considered a top tier institution relative to those in the figure above. They have had a 6.2% 5 year return in their endowment, placing them as second on that list.

4 days ago

Public school. Hmm, hmm, hmm. SMH. I went to two community colleges in Virginia, and I have money in Vanguard Windsor and the Vanguard 500 Index fund. We can just overlook all those stocks I bought that then tanked, as that would put a damper on my argument.