THIS STORY HAS BEEN FORMATTED FOR EASY PRINTING

The toll on Harvard: $8.1b

Endowment's returns over 4 months just a bit better than S&P 500's

''Severe turmoil in the world's financial markets'' has hurt Harvard's legendary endowment - the world's largest - the university's president says. And the damage could grow. ''Severe turmoil in the world's financial markets'' has hurt Harvard's legendary endowment - the world's largest - the university's president says. And the damage could grow. (Michael Robinson-Chavez/The Boston Globe/File 1997)
By Beth Healy and Steven Syre
Globe Staff / December 4, 2008

E-mail this article

Invalid E-mail address
Invalid E-mail address

Sending your article

Your article has been sent.

Text size +

Even the famous Harvard University endowment can't beat this historically ugly market. Harvard had just one-third of its assets in stocks last summer, yet the fund still lost 22 percent of its value, or $8.1 billion, in four months from July through October, the school's president told deans in a letter Tuesday. It was by far the largest loss ever ... (Full article: 848 words)

This article is available in our archives:

Globe Subscribers

FREE for subscribers

Subscribers to the Boston Globe get unlimited access to our archives.

Not a subscriber?

Non-Subscribers

Purchase an electronic copy of the full article. Learn More

  • $9.95 1 month archives pass
  • $24.95 3 months archives pass
  • $74.95 1 year archives pass