Making up nearly 60% of the $41.9 billion Harvard University endowment, hedge funds made a strong contribution to the 7.3% return of the overall portfolio. The returns outshine 2019’s investment performance of 6.5%. Harvard Management Company (HMC) manages the largest U.S. university endowment and has continued to grow its hedge fund allocation which now makes up the largest slice of the portfolio pie at 36.4%. Last year hedge funds made up 33% of the portfolio or growth of roughly $1.2 billion.

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The last quarter push to the November elections is fully upon us and, while the market seems to be holding at robust levels of participation, it’s clear that all sides of the financial and political community are waiting for the eventual party outcome to be determined in order to plan and execute business with a long-term perspective

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