Wealthier schools in the U.S. have made their investment chiefs the highest paid executives.
Harvard invested with Cambridge Square after the university hired a new chief for its endowment in 2016.
Harvard has drawn criticism because it pays investment staffers more than peers while generating mediocre returns.
Those with 401(k) accounts at Fidelity saw their average balance increase six times since the financial crisis.
N.P. “Narv” Narvekar appears to be making a contrarian move that could pay off if stocks head south.
The institutions have turned to these hired guns at a pace that shows no signs of abating.
Fidelity's fees and the disclosure of them are being probed by the U.S. Labor Department.
Texas, California pensions team with buyout firms for more deals.
The average fund gained 5.8 percent over a decade, falling short of the 7.2 percent that schools targeted.
The donation from the Russian-born billionaire is aimed at speeding up medical and biotech research.
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