Harvard Moves to Outsource Management of Most of Its Endowment
After years of turmoil at the top, Harvard is reversing its long-standing commitment to managing most of its endowment money in house. The management company will lay off up to half its investment staff and spin out its real estate business.
Imogen Rose-Smith
December 17, 2025
The Baker Library of the Harvard Business School stands on Harvard University campus in Cambridge, Massachusetts, U.S., on Tuesday, June 30, 2015. Harvard University, established in 1636, is the United States' oldest institution of higher learning. Photographer: Victor J. Blue/Bloomberg
Victor J. Blue/Bloomberg
