The Harvard Endowment's Next Chapter: A Test of Wall Street's Influence The departure of Nirmal Narvekar, manager of Harvard University's $57 billion endowment, marks the end of an era in university finance.
For nearly a decade, Narvekar has led one of the world's largest and most influential investment machines, overseeing a transformation that has raised questions about the Ivy League's reliance on Wall Street style investing.
Narvekar's tenure is complex. He arrived in 2016, inheriting an endowment struggling to recover from the devastating losses of the 2008 financial crisis.