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Harvard Endowment Posts Gains, New Investment Chief Not Satisfied

(Reuters) Harvard University, which has been retooling the way it invests its $37.1 billion endowment, reported an investment gain on Tuesday but its investment chief called it “disappointing” and said it will take time to improve results. The Ivy League university’s endowment earned 8.1 percent for the fiscal year ended June 30, marking a swing into the black from last year’s 2 percent decline.

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