Harvard University’s endowment is making a hefty profit buying up and working prime land for wine grapes in central California, but not everyone is happy about the investment strategy. The university has leveraged its $39 billion endowment to pay top dollar for several thousand acres in central California to build its grape-growing business, now worth around $305 million, according to the Wall Street Journal. Harvard chose the properties due access to some of the best […]
source https://therealdeal.com/la/2018/12/15/why-harvards-portfolio-of-california-vineyards-is-raising-concern/#new_tab
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