Harvard Management Company, which manages the $27 billion university endowment, reported an 11% return for the year ending 30 June.
The endowment is still more than $10 billion away from where it was at its height prior to the 2008 financial crisis. Behind public and private equity investments, the absolute return category, which also includes high yield investments, reported strong gains - totalling more than 15% annually. HMC added some unique low-beta opportunities in its absolute return portfolio, according to the endowment's annual report. In the coming year, active commodities strategies are on the agenda.
Over the past