In Major Shake Up, Harvard’s $35.7 Billion Endowment Will Spin Out Real Estate Investment Team

Harvard Management Co. (HMC), which manages Harvard University’s $35.7 billion endowment fund -- the country’s largest endowment - announced a major investment shake up today in a letter to the Harvard community from N.P. (Narv) Narvekar, who took over as president and chief executive officer of Harvard Management Co. last month.