Harvard Endowment to Lay Off Staffers as Overhaul Begins

The video discusses the restructuring of Harvard University's endowment management, including staff reductions and outsourcing of hedge fund management. It highlights the challenges faced in improving endowment performance and leadership turnover. The new CEO, Nirmal Narvekar, aims to streamline operations, drawing from his experience at Columbia University. The video compares the management styles of Harvard and Columbia, emphasizing a shift towards a leaner, more outsourced model.

What are the implications of Harvard's decision to outsource management of its investments?

In what ways is the management style at Harvard expected to change under the new leadership?