Harvard Management Co

Federal Reserve Bank of Boston - HMC Office
Endowment

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.

University President Drew G. Faust
Central Administration

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.

Returns and Endowment Size (FY2006-FY2016) Graph
Endowment

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.

Federal Reserve Bank of Boston - HMC Office
Endowment

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.

Massachusetts Hall
College

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.

Divest Harvard Rally
University Finances

Divest Harvard Blockades University Hall

Around 20 members of Divest Harvard blockaded entrances to University Hall Wednesday in protest of Harvard’s stance on investing in the coal industry.

University Finances

HMC Will Invest At Least $300 Million to Spun-Off Hedge Fund

​Months after announcing it would radically revise its investment strategy by the end of the fiscal year, Harvard Management Company will invest at least $300 million into a hedge fund formed by some of its former money managers.

Central Administration

Harvard Will Pay HMC Chief $6 Million Per Year

The chief executive of Harvard Management Company, will receive nearly $6 million in compensation from the University per year over the next three years.

University Finances

Alumni Group Critiques Harvard’s Investment Strategy in Letter to Faust

​Members the Class of 1981 suggested significant changes to Harvard Management Company’s investment philosophy in a letter to Faust.

Returns and Endowment Size (FY2006-FY2016) Graph
Central Administration

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.

Central Administration

Three Investment Managers To Depart HMC to Form Hedge Funds

Weeks after the Harvard Management Company announced its intent to lay off nearly half of its 230-person staff, three of the firm’s investment managers will leave the company to form their own hedge funds, according to Bloomberg.

Federal Reserve Bank of Boston - HMC Office
University Finances

Harvard Alumnus Brian Rogers Named to Harvard Management Co. Board

Brian C. Rogers ’77, a prominent investment manager and philanthropist, has joined the Harvard Management Company's board of directors.

Federal Reserve Bank of Boston - HMC Office
University Finances

Some Alumni Encouraged by HMC Changes

While some alumni said they are cautiously optimistic about the changes at HMC, others remain focused on compensation structures at the firm.

Federal Reserve Bank of Boston - HMC Office
Endowment

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.

Endowment

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.