Even as many
investors move into index funds, Harvard University is confident that it can
keep posting above-average returns with actively managed investments, the head
of the school's investment arm told Reuters.
"Outperformance will continue to be possible,"
Jane Mendillo, chief executive of Harvard Management Co, said at the Partner
Connect 2013 industry conference sponsored by Thomson Reuters. But it will be tougher, she acknowledged.
"It will be more challenging now."
Over the last two decades, Harvard's $31 billion endowment,
the nation's largest, has delivered annualized returns of 12.5 percent, earning
admiration and envy in global investment circles...
Find out more at http://www.reuters.com/article/2013/04/03/harvard-investments-idUSL2N0CQ23820130403
No comments:
Post a Comment