The Investment Strategy Behind Harvard’s Record Endowment — and How It Fell Apart
Big Take30 Sep 2024

The Investment Strategy Behind Harvard’s Record Endowment — and How It Fell Apart

Harvard University’s endowment fund is larger than the endowment of any other university on the planet. That’s, in part, because of a pioneering investment strategy. But in recent years, the returns haven’t measured up to rival universities like Yale or Brown.

Bloomberg’s Janet Lorin joins host David Gura to talk about how Harvard University’s early edge seems to have waned in the midst of changing leadership and strategies.

Read more: Harvard’s Not-So-Smart Money: Two Decades of Poor Returns and Rich Pay

Further Listening:

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The $250 Million Bribery Charges Rocking the Adani Empire – and India

The $250 Million Bribery Charges Rocking the Adani Empire – and India

India’s Gautam Adani, one of the world’s richest men, was charged last week by US prosecutors over his alleged involvement in a $250 million bribery scheme. The indictment sent the stocks and bonds of Adani’s vast conglomerate tumbling and is the second governance crisis to hit the group in two years.  On today’s Big Take Asia Podcast, host K. Oanh Ha and Bloomberg’s Menaka Doshi discuss what the charges mean for Adani’s empire and corporate India, and the implications for US-India relations. Read more: Gautam Adani Bribery Charges Impact His Net Worth, Markets Beyond IndiaFurther listening: $200 Billion, Four Heirs And One Mighty EmpireSee omnystudio.com/listener for privacy information.

26 Nov 202416min

New York City’s Big Battle Over Broker Fees

New York City’s Big Battle Over Broker Fees

New York City has some of the highest housing costs in the US. In addition to sky-high rents, tenants often have to pay a fee to a real estate broker when they sign a new lease — whether they hire them or not. But that’s about to change. Today on the show, host Sarah Holder speaks with City Councilmember Chi Ossé about the passage of his bill that will eliminate upfront broker fees for most renters, and hears from supporters and opponents of the legislation. And Bloomberg reporter Paulina Cachero unpacks what the effort could mean for New York’s renters. Become a Bloomberg.com subscriber using our special intro offer at bloomberg.com/podcastoffer. You’ll get episodes of this podcast ad-free and unlock access to deep reporting, data and analysis from reporters around the world.See omnystudio.com/listener for privacy information.

22 Nov 202415min

Pakistan Is Getting Too Expensive For Its Middle Class – So They’re Leaving

Pakistan Is Getting Too Expensive For Its Middle Class – So They’re Leaving

A record number of Pakistanis are leaving at a rapid speed. Among them are some of the country’s top talent including doctors, engineers, accountants and managers. Over the last three years, one million skilled workers like them have left Pakistan.On today’s Big Take Asia Podcast, host Rebecca Choong Wilkins talks to Bloomberg’s Pakistan Bureau Chief Faseeh Mangi about what’s behind the severe brain drain in one of the world’s most populous nations, where the immigrants are going, and what it means for the country’s already fragile economy that depends on loans from the International Monetary Fund. Read more: Pakistan’s Top Talent Is Leaving the Country in Record Numbers  See omnystudio.com/listener for privacy information.

21 Nov 202413min

As the US Turns Inward, the World Order Realigns

As the US Turns Inward, the World Order Realigns

This year’s G-20 summit in Brazil revealed a new reality: The world order is shifting as President Joe Biden wraps up his final months in office and President-elect Donald Trump returns to power. On today’s Big Take podcast, Bloomberg’s Flavia Krause-Jackson and host David Gura join the show from Rio de Janeiro to talk through the gathering of the world’s largest economies and how they’re preparing for a new geopolitical era.See omnystudio.com/listener for privacy information.

20 Nov 202415min

The Shadowy Fleet of Tankers Moving Iranian Oil to China

The Shadowy Fleet of Tankers Moving Iranian Oil to China

Every year, billions of dollars of sanctioned Iranian oil finds its way to China, even though on paper the country hasn’t imported a single drop in more than two years. How? On today’s Big Take Asia podcast, host K. Oanh Ha speaks to Bloomberg’s Serene Cheong on her team’s investigation into a clandestine shipping hub off the coast of Malaysia that funnels Iranian crude to China. Read more: The Clandestine Oil Shipping Hub Funneling Iranian Crude to ChinaSee omnystudio.com/listener for privacy information.

19 Nov 202415min

Inflation’s Latest Victim: Brand Loyalty

Inflation’s Latest Victim: Brand Loyalty

Bloomberg reporter Leslie Patton has noticed a pattern looking at the earnings of mid-priced, brand name companies like Kraft and Luvs. Their sales are down, while the sales of similar products on either end of the price spectrum — cheaper generics and high-end premium goods — are up. On today’s Big Take podcast, Leslie joins host Sarah Holder to discuss how this “middle brand squeeze” is playing out on grocery store shelves. Read more: Shoppers Are Ditching Classic Brands They Once Loved Become a Bloomberg.com subscriber using our special intro offer at bloomberg.com/podcastoffer. You’ll get episodes of this podcast ad-free and unlock access to deep reporting, data and analysis from reporters around the world.See omnystudio.com/listener for privacy information.

18 Nov 202413min

COP29 Confronts Tensions Over Funding Clean Energy Transition

COP29 Confronts Tensions Over Funding Clean Energy Transition

Climate leaders from around the world have convened in Baku, Azerbaijan for the UN’s biggest annual climate conference, COP29. And this year, it’s all about money.  Member nations are negotiating over how much responsibility rich countries have to finance the energy transitions of smaller economies. But larger global tensions loom over the proceedings — including the reelection of Donald Trump. In today’s episode, Bloomberg’s senior climate reporter and host of Zero Akshat Rathi calls in from COP29 to update host Sarah Holder on the unfolding negotiations and how America’s new president-elect changes the conversation. See omnystudio.com/listener for privacy information.

15 Nov 202416min

Another Trump Term Is Coming. Is Asia Ready?

Another Trump Term Is Coming. Is Asia Ready?

Higher tariffs. Geopolitical flare-ups. Inflammatory comments. All across Asia, countries are bracing for the return of Donald Trump. On today’s Big Take Asia Podcast, we unpack what a second Trump term means for China, India and other Asian economies – who are the potential winners and losers and what’s ahead. Host K. Oanh Ha is joined by Daniel Ten Kate, Bloomberg’s executive editor for Asia economy and government, Chan Heng Chee, the ambassador-at-large with the Singapore Foreign Ministry, and Erin Murphy, deputy director of Chair on India and Emerging Asia Economics at the Center for Strategic and International Studies. Read more: Trump Is Set to Elevate China Hawks, Deepening Beijing RiftFurther listening: The Economic Impact of Trump’s PromisesSee omnystudio.com/listener for privacy information.

13 Nov 202415min

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