Harvard Blew $1 Billion in Bet on Tomatoes, Sugar, and Eucalyptus. Harvard bet the farm in Brazil and lost.
2018.3 The university’s highly paid money managers thought they could manage risks other schools avoided Six years ago, Jane Mendillo, then head of Harvard’s endowment, spent a week in Brazil, flying in a turboprop plane to survey some of the university’s growing holdings of forest and farmland. That year, Harvard began &#111&#110e of its most daring fo..