Endowment
Endowments Around the Ivies
With much talk focusing on Harvard posting impressive returns on their endowment, bringing the value of investments to $32 billion, it's natural to wonder how the other Ivys stack up. While each institution increased their holding with consistent returns, Harvard's total endowments still dwarfs its Ivy neighbors.
Analysis: Despite Performance, HMC Portfolio To Be Tested Over Next Fiscal Year
Harvard’s endowment returns of 21.4 percent in fiscal year 2011, announced last week, beat benchmarks and were the highest in recent memory.
Harvard Endowment Jumps 21.4 Percent
Harvard’s endowment posted a 21.4 percent gain for fiscal year 2011, bringing the endowment’s value up to $32 billion.
Lib. Acquires New Property
Harvard has expanded the resources for the Dumbarton Oaks research library with the purchase of a property in Washington, D.C., that will eventually house the institute’s research fellows.
Harvard's Equity Holdings Decline in Fourth Quarter
The total value of Harvard's directly held, U.S.-traded equities dropped 13 percent to $1.2 billion last quarter, as Harvard Management Company continued to invest in emerging markets.
HMC Loses Senior Hire to Private Sector
John Devir, a highly touted recent hire, will not be joining Harvard Management Company and has instead accepted an offer at a California firm.
Experts Question Report Alleging Harvard's Involvement in Land Grabs
Amidst accusations in a recently published report that Harvard is investing in a “land-grabbing” hedge fund, experts in the field are questioning the document's accuracy.
Students Lobby for University Financial Disclosure
A group of Harvard students is lobbying on behalf of a financial disclosure bill that would increase requirements on the University.
Mendillo’s HMC
HMC has repositioned itself to take more responsibility for guaranteeing the University’s budgetary needs, and has abandoned its image as a one-client hedge fund.
FAS Hopes For Increased Endowment Funding
Senior administrators in the Faculty of Arts and Sciences have provided loose guidelines to departments for long-term financial planning that foresee a growth in the distribution from the University endowment to pre-2008 nominal levels by 2018.
New Manager Joins Harvard Management Company
Rene Canezin will join the Internal Investment team of the Harvard Management Company as managing director of its portfolio management team, the University announced yesterday.
Harvard Expands Stock Investments
Harvard University added to its directly held U.S. traded securities last quarter—helping fuel a 7-percent increase in the value of those assets to $1.54 billion—and the University made sizable new investments in its already large emerging markets portfolio.
Smith to Present FAS Fiscal Report
Faculty of Arts and Sciences Dean Michael D. Smith may offer sunny news in his report on the school’s finances over the past year.
Ivy Endowments Turn Upward
On the heels of an abysmal year for money managers in 2009, university endowment results released in recent weeks show strong investment returns for the year ending June 30, 2010, although different forms of asset allocation have led to significant variations in performance between different schools.
Harvard Real Estate Deal with Chinese Fund Collapses
Harvard University will not sell a portion of its real estate holdings to China’s sovereign wealth fund after efforts to broker a deal collapsed, according to a person familiar with the situation. Media reports estimated that the deal would have been worth several hundred million dollars.
Harvard Endowment's Real Estate Sale to China Falls Through
Harvard University will not sell a portion of its real estate holdings to China's sovereign wealth fund after efforts to broker a deal with the $300 billion fund broke down, according to a report in Bloomberg this afternoon.
Harvard Endowment Jumps 11 Percent to $27 Billion
Harvard’s endowment grew to $27.4 billion in the fiscal year that ended June 30, 2010, an 11 percent investment return that comes a year after it plummeted in value by 27.3 percent to $26 billion.
Harvard Cuts Endowment's Stock Holdings in First Quarter of 2010
Harvard reduced its stock holdings by 35 percent during the first quarter of 2010, even as the Dow Jones Industrial Average rose about 4 percent over the same period.