Harvard Is Making Big Changes to How It Manages Its $37.6 Billion Endowment

Harvard Is Making Big Changes to How It Manages Its $37.6 Billion Endowment l Fortune

by Reuters, June 21, 2016

Harvard University will rely more on outside money managers to oversee the Ivy League school’s $37.6 billion endowment as it scales back on making direct stock picks, it said on Monday.

Michael Ryan, head of public markets and absolute return strategies at Harvard Management Co, is leaving and more jobs in the internal equity team will be eliminated, the endowment said in an internal email reviewed by Reuters.