Senior executives at the Harvard Management Company, which invests the US university's $35bn (€24bn) endowment fund, were paid 75% more for the 12 months to June 30 than the preceding year. However the payout it is still far less than three years ago despite staff producing one of the fund's best results.

The six top executives took home a combined $23.3m in the 12 months to June 30. Although this is $10m more than last year, they are still being paid much less than former chief executive Jack Meyer's team three years ago.