Harvard Doubles Down on Hedge Funds in Endowment Overhaul
May.06 -- Harvard University’s N.P. “Narv” Narvekar is doubling down on an investment that has fallen out of fashion: hedge funds. Narvekar’s bet on the sophisticated, high-cost brand of money manager marks the biggest since the university hired him in 2016 to turn around the lagging performance of its $39 billion endowment. Bloomberg's Peggy Collins has more on "Bloomberg Markets."