Wizard of Omaha has slipped in some subtle advice for funds in Berkshire’s annual letter.
The university allegedly violated ERISA with poor investments and unreasonable expenses.
The late-year market slide happened quickly, CIO Bachher says.
Recession fears, trade wars, rate hikes, and a strong dollar weigh down index.
Study of more than 28,000 endowments says ‘wisdom’ of top universities is ‘a myth.’
None of the elite universities’ endowments beat a 60-40 portfolio over the past decade.
Daga is reunited with Harvard Management Co. CEO Narv Narvekar.
An 8.1% total return sees the institution’s asset growth beat most benchmarks.
Compliance procedures expanded to include companies at risk of being sanctioned by US.