{"id":3967,"date":"2006-02-09T00:00:00","date_gmt":"2006-02-09T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"yales-chief-investor-says-harvard-overpays-its-fund-managers","status":"publish","type":"post","link":"https:\/\/www.hedgeco.net\/news\/02\/2006\/yales-chief-investor-says-harvard-overpays-its-fund-managers.html","title":{"rendered":"Yale&#8217;s Chief Investor Says Harvard Overpays Its Fund Managers"},"content":{"rendered":"<p>  Harvard Crimson&nbsp;&#8211; Yale Chief Investment Officer David Swensen, whose fund has outperformed Harvard\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s over the past two decades, said in a speech last month that Harvard overpays its endowment  managers\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u20ac\u009dproviding ammunition for alumni who have assailed the University\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s salary structure.<\/p>\n<p>  \u00c3\u00a2\u00e2\u201a\u00ac\u00c5\u201cI have long said that the structure of Harvard Management is inherently unstable,\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009d Swensen said during a question-and-answer session after he spoke to the National Association of College and  University Business Officers\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2 Endowment Management Forum in New York on Jan. 27, according to Institutional Investor magazine. \u00c3\u00a2\u00e2\u201a\u00ac\u00c5\u201cYou can\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2t pay managers astronomical amounts of money because it tears  at the fabric of [the university],\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009d he said, according to the magazine.<\/p>\n<p>  <a href=\"http:\/\/www.thecrimson.com\/article.aspx?ref=511157\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Harvard Crimson&nbsp;&#8211; Yale Chief Investment Officer David Swensen, whose fund has outperformed Harvard\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s over the past two decades, said in a speech last month that Harvard overpays its endowment managers\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u20ac\u009dproviding ammunition for alumni who have assailed the University\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s salary structure. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-3967","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/3967","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=3967"}],"version-history":[{"count":0,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/3967\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=3967"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=3967"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=3967"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}