Yale and Harvard's Dueling Geniuses - FORTUNE

Following up on this post from Mr. Macdonald, here's an interesting comparison of the key investment managers for the endowments at Harvard and Yale. Note that one helpful contributor to Yale's success has been exploiting the expertise of Yale alumni at below-market rates. Also that the manager has left about $1 billion on the table--that's the additional compensation he would have been paid had he performed the exact same work on Wall Street.

And it's a dispute over compensation that is driving Harvard's best managers away.