Endowment
Asset Breakdown Absent from HMC Report
In a departure from tradition, notably absent from the annual endowment report Harvard Management Company released Tuesday was a dissection of the assets that comprise its portfolio
Harvard’s Endowment Plans to Sell $70 Million of Cows and Farmland Assets
Not even Harvard’s cows are safe as Harvard Management Company undergoes a radical restructuring that it hopes will reverse a decade of lackluster returns.
HMC Aims to Sell $2.5 Billion in Endowment Assets
Harvard Management Company is trying to sell around $2.5 billion in private equity, venture capital, and real estate assets as part of its broader revamp in investment strategy.
Despite Divest Cheers, Harvard Maintains Investment Approach
After a Harvard Management Company official said that the natural resources portfolio is "pausing" investments in fossil fuels, the University maintained that the remarks did not represent a change in investment strategy.
In D.C., Faust Calls for Government Backing of Universities
Faust said the renown of American universities is “contingent” on continued federal support during a panel discussion with university presidents in the nation’s capital.
Yale’s Annual Endowment Report Defends High Fees for External Managers
As Harvard cuts the size of its internal workforce and begins to outsource its funds to more expensive external managers, Harvard Management Company will begin to more closely resemble investment offices at Yale and other peer institutions.
Harvard ‘Pausing’ Investments in Some Fossil Fuels
Harvard Management Company’s head of natural resources Colin Butterfield said that Harvard is “pausing” investments in some fossil fuels.
Schools Will be 'Differentially' Affected by Endowment Returns, Faust Says
As Harvard seeks to cope with disappointing endowment returns from last fiscal year, some of the University's twelve constituent schools will be harder hit than others.
As FAS Grapples with Budgets, SEAS Continues ‘Measured Growth’
As FAS struggles with budget constraints, SEAS is continuing with “measured growth” and plans to partner with outside firms to generate additional revenue.
New Campus Group Calls for Private Prison Divestment
Students have launched a new effort urging Harvard to divest—this time taking aim at the University’s holdings in private prison stocks.
Cost of Enrollment Rises 4.1 Percent, Marks Largest Increase in Decade
The cost of attending Harvard College will be $65,609 in the 2017-2018 academic year, representing a 4.10 percent increase from last year.
FAS To Run ‘Reasonably Small’ Budget Deficit
The Faculty of Arts and Sciences will run a budget deficit in the coming year, according to FAS Dean Michael D. Smith.
Higher Fees at HMC 'Worth Undertaking,' Faust Says
"The sense was that the fees that would be charged by external managers in relationship to the insight and success of external managers was worth undertaking,” Faust said.
With an External Real Estate Team, HMC May Face Increased Fees
Experts say that if the real estate team continues to do business with Harvard Management Company as an external management unit, it could earn salaries well above what members of the team drew in at HMC for doing mostly the same job.
Harvard's Wealth Lagging Behind Peers
Harvard’s wealth has grown at a slower rate than that of its peer institutions in the past five years, a brief report from Moody’s Investors Service recently found.
Harvard’s Endowment Returns Trails National Average, Report Says
Harvard’s endowment grew slower than was average for university endowments in fiscal year 2016, according to a recent report from the National Association of College and Business Officers.
Former HMC Chief Returns to Teaching Role
Stephen Blyth left the University’s investment arm in the summer to undergo cancer treatment.