Endowment
Former HMC Chief Returns to Teaching Role
Stephen Blyth left the University’s investment arm in the summer to undergo cancer treatment.
University Treasurer Defends Compensation at HMC
University Treasurer Paul J. Finnegan described efforts to improve the performance of Harvard Management Company in a letter responding to alumni concerned that the University's investment arm overcompensates its executives.
The 10 Stories That Shaped 2016
There was no shortage of surprises in 2016. Between unprecedented penalties on members of undergraduate social organizations, the stunning rise of Donald Trump to the presidency, and a dining workers strike that lasted more than three weeks, events at Harvard and beyond defied expectations and challenged norms. The Crimson takes a look back at the essential stories of a pivotal year.
HMC to 'Refine' Natural Resources Investing
Harvard Management Company—the University’s investment arm—is aiming to sell some of its natural resource assets after the endowment’s value fell almost $2 billion during fiscal year 2016, Bloomberg reported last week.
University Budgets Potentially ‘Constrained’ For Years To Come, Report Warns
Harvard’s traditional revenue sources—including returns on its endowment—may be subdued in the coming years, a reality that could “significantly constrain” future University budgets, according to Harvard’s annual financial report released Tuesday.
Management Company Reportedly Described as ‘Lazy,’ ‘Stupid’ by Employees in 2015 Review
Harvard Management Company employees accused the University's investment arm of setting artificially low benchmarks and overcompensating top managers, Bloomberg reported Thursday.
Harvard Calls on Employees to Volunteer During Strike
Administrators are ratcheting up efforts to minimize campus disruption and calling for volunteers from the exempt employees within several of its schools to help out HUDS.
FAS Reserves Dwindling, Dean Says
Cash reserves for Harvard’s flagship Faculty have dwindled to “effectively zero,” Dean of the Faculty of Arts and Sciences Michael D. Smith said at a meeting of the body Tuesday.
FAS Surpasses $2.5 Billion Campaign Fundraising Goal
The Faculty of Arts and Sciences passed its $2.5 billion capital campaign goal in June, FAS Dean Michael D. Smith said at the Faculty’s monthly meeting Tuesday.
Columbia Endowment Chief Will Lead Underperforming HMC
Columbia University endowment manager N.P. Narvekar will serve as the next CEO and president of Harvard Management Company, taking the reins of the world’s largest university endowment at a time of instability, the University announced Thursday evening.
A Tale of Two Endowments
Should Harvard abandon decades of established investment practices and, in short, start investing like Yale does? Can it afford not to?
Yale Earns 3.4 Percent On Investments, Beating Harvard
In a rough year for university endowments, Yale returned 3.4 percent on its investments in fiscal year 2016, beating out Harvard’s negative 2 percent returns over the same time period.
Harvard Loses Almost $2 Billion in Endowment Value
Harvard Management Company lost almost $2 billion in endowment value during a “disappointing” fiscal year 2016, posting its worst endowment returns since the nadir of the financial crisis.
HMC Chief Executive Search Narrows
Harvard has started to narrow its list of candidates to replace Stephen Blyth as CEO of Harvard Management Company and has at least two higher education investment veterans among potential candidates for the position, according to a story in the Wall Street Journal.
Endowment Could Face Low Returns, Experts Warn
Facing a stagnant global financial market, Harvard Management Company, the firm that oversees the University’s $37.6 billion investment pool, is bracing for potentially low returns for the 2016 fiscal year, according to University President Drew G. Faust and financial experts.
Harvard's gifts from donors
Harvard's donations include minerals, stamps, art, Dumbarton Oaks, and the Arnold Arboretum.
Former Harvard Management Company CEO Mendillo Nominated to GM Board
General Motors announced on Friday its nomination of former Harvard Management Company President and CEO Jane L. Mendillo to stand for election to its board of directors.
In Letter to Congress, Faust Makes Case For Endowment
Responding to congressional inquiry about university endowments, Harvard released an extensive document Friday explaining how its $37.6 billion endowment advances its educational—and tax-exempt—mission.
Nearing $6.5 Billion Goal, Faust Reiterates Fundraising Pitch
Roughly half way through a five year capital campaign that hopes to raise a higher education record of $6.5 billion, University President Drew G. Faust extolled Harvard’s broad societal value to hundreds of alumni and affiliates gathered on campus Tuesday night.