3 ms·
Harvard is a hedge fund which has an interest in education.
by gjvc 3y ago
Harvard is a hedge fund which has an interest in education.
- nceqs3 3y agoYou do realize the endowment funds 1/3 of the operating budget at Harvard? Calling it a "hedge fund" proves you don't know what you are talking about.
- deleted 3y ago[deleted]
- polski-g 3y agoDoes the endowment increase or decrease year over year?
- extra88 3y agoMost years it increases, some years it decreases, like in the Great Recession. The University's operating costs also increase basically every year because a large percentage of staff have union negotiated increases that are hard to counterbalance with cuts elsewhere.
- leereeves 3y agoIt seems fair to judge their priorities by the salaries they pay: "Top salaries at HMC, a wholly owned subsidiary of Harvard, are always much higher than those of University employees. The organization manages the investment of Harvard’s endowment" https://www.harvardmagazine.com/2020/07/harvard-highest-paid-employees https://www.harvardmagazine.com/2020/07/harvard-highest-paid...
- NickC25 3y agoSeriously. Harvard's "endowment" has 50 billion at it's disposal. That's some serious money. It's continued success is partially predicated on top-notch research being done. If it somehow can't afford to pay those doing the research, it shouldn't be allowed to continue to have a hedge fund or take massive land grants, get tax breaks, etc...
- steveBK123 3y agoIndeed, I've worked at 3 (large) hedge funds, and only 1 of the 3 is now over $50B. It wasn't even that big when I was there..
- fmajid 3y agoYou mean a hedge fund with a sideline in education as a tax dodge.