Harvard Management Co

Federal Reserve Bank of Boston - HMC Office
Endowment

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.

Returns and Endowment Size (FY2006-FY2016) Graph
Endowment

Returns and Endowment Size (FY2006-FY2016) Graph

Returns and Endowment Size (FY2006-FY2016) Graph
Endowment

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?

Harvard University President Drew G. Faust
University Finances

‘Disappointing’ HMC Returns Will Pressure Budgets, Faust Says

The near $2 billion drop in Harvard’s endowment will constrain budgets, University President Drew G. Faust said in an interview Tuesday.

Endowment

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.

Endowment Over Time
University Finances

A Guide to Harvard's Endowment

​Harvard lost almost $2 billion dollars in endowment value this year. Here’s what that means, why it matters, and an analysis of why it may have happened.

Endowment Comparisons
Endowment

Endowment Comparisons

Endowment Over Time
Endowment

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.

Federal Reserve Bank of Boston - HMC Office
Fundraising

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.

HMC Returns and Endowment Size (FY2010-FY2015)

Federal Reserve Bank of Boston - HMC Office
Central Administration

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.

Central Administration

Still Seeking a CEO, HMC Adds Butterfield As Natural Resources Exec

Previously the CEO of Brazilian farmland investment firm Radar S.A., Butterfield will join Harvard’s investment arm—which directs the University’s $37.6 billion endowment—this fall, the University announced Thursday.

Stephen Blyth
University Finances

News Analysis: Blyth's Departure Continues HMC Shakeup

Blyth’s departure continues a recent trend of shorter stints at the head of HMC— for the first 31 years of its existence, the fund saw just one transition of leadership.

Stephen Blyth
Harvard Management Co

Blyth Resigns as Management Company CEO

Blyth, who assumed leadership of HMC in in January 2015, will leave for personal reasons, according to a press release from the University Wednesday, but will remain a senior adviser to the HMC Board.

Harvard Business School

Faust Made $1.2 Million in 2014

Harvard Management Company CEO Stephen Blyth made less in 2014 as head of public markets than he did the previous year in that position, while University President Drew G. Faust earned more than she did in 2013.