The World's Biggest University Endowment Is Bringing Lackluster Returns.

Harvard University's endowment fund, valued at $50.7 billion as of June 2023, is the largest of any university in the world. The fund's growth can be attributed to the vision of Jack Meyer, who oversaw it for over a decade and embraced risk, leading to significant returns. However, in recent years, Harvard's endowment has faced challenges and lagging returns, losing its edge to competitors. The constant change in leadership and strategy, as well as scrutiny over compensation packages, has contributed to this decline. Despite these struggles, Harvard still maintains the largest endowment fund globally. [Extracted from the article]