Harvard Doubles Down on Hedge Funds in Endowment Overhaul

The transcript discusses Harvard's endowment strategy under N.P. Narvekar, focusing on increased investments in hedge funds despite their recent poor performance. It highlights Harvard's proactive positioning for potential market downturns and the shedding of real assets. The transcript also covers fee negotiations with hedge fund managers and the shift towards external management. A comparison with Yale's strategy, which emphasizes venture capital and private equity, is also included.

What has been the focus of Narvekar's strategy regarding real assets in the endowment?

How does Narvekar's approach to external managers differ from previous strategies at Harvard?