The Harvard endowment has been lambasted by critics for an illiquid
investment strategy and an overly ambitious infrastructure expansion
plan, but in possible signs of a turnaround at the world’s largest
university endowment, hiring has started once again.
With European regulators looking to tighten the alternative investment collar, UK pension funds – who now, more than ever, need the excess returns that alternatives are purported to provide – have stepped into the battle.