Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Even Harvard Is Unable To Sustain Their Staffs' Salaries
#1
Harvard University's investment arm is expected to outsource management of most of its $35.7 billion endowment and lay off roughly half the 230 staff, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.

http://www.cnbc.com/2017/01/25/harvard-u...ement.html
Reply
#2
Harvard Management Co, which oversees America's largest endowment, will close its internal hedge funds and lay off traders by mid-year, the report said, citing one of the people.
Reply
#3
Other layoffs will occur by the end of 2017, according to the report.
Reply
#4
The shakeup is part of a sweeping change by the university's new endowment chief, N.P. Narvekar, the Journal said.
Reply
#5
Harvard Management did not immediately respond to a request for comment.
Reply


Forum Jump:






Users browsing this thread: 1 Guest(s)