The managers behind Harvard’s endowment used to be the darlings of the investment world,...

|By:, SA News Editor

The managers behind Harvard’s endowment used to be the darlings of the investment world, but now they settle for an 11% return - worse than the broader market - for the year ended June 30. But the Harvard managers are taking a conservative route, exactly what they should do given the school’s $27.4B endowment, largest in the U.S.