Harvard risked to fund Allston growth

Globe front page story builds on what has previously been reported by Bloomberg, Vanity Fair, and others about the risks that Harvard took to fund projects including its planned Allston expansion.

Harvard ignored warnings about investments - The Boston Globe

"Under Neil Rudenstine, Harvard’s president from 1991 to 2001, cash was heavily invested in the endowment and surged from $290 million to $2 billion. Under Summers, the figure more than doubled again, according to a compilation of the data obtained by the Globe. The big project on Summers’s agenda: Harvard’s expansion across the river, into Allston."