Harvard Management Co
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Since-promoted Harvard Management Company president and CEO Stephen Blyth received $11.5 million in compensation in 2013, about double his compensation of $5.3 million in 2012.
The plaintiffs, who call themselves the Harvard Climate Justice Coalition, allege that Harvard is mismanaging its endowment in “abnormally dangerous activities.”
2014 was a year of change and controversy as Harvard affiliates reacted to events on campus and across the nation. In this feature, Crimson Multimedia uses photo and video to recap the 10 biggest stories of 2014.
In her final interview of the year with The Crimson, Faust reflected on her role in several hot-button campus issues, including sexual assault policies and protests regarding two controversial non-indictments.
HMC has established itself as a unique alternative to more traditional finance internships, offering students an educational introduction to financial employment and an opportunity to further the University’s mission.
Harvard’s small surplus is a move into the black after recent years of deficits large and small. The progress was largely fueled by the first public year of fundraising for the Harvard Campaign.
Harvard's endowment was outperformed by the average institution according to an study of 426 schools by the National Association of College and University Business Officers and Commonfund Institute.
From left, Dean of Harvard College Rakesh Khurana sits with professors Robert Kaplan and Allen Ferrell to discuss the Harvard Management Company in Emerson Hall on April 4, 2012.
Stephen Blyth, pictured at the Phi Beta Kappa Literary Exercises in 2013, was named the next president and CEO of Harvard Management Company on Wednesday.
Blyth, who is currently a managing director and head of public markets at HMC as well as a professor of statistics, will assume the role Jan. 1, 2015.
The investment gains leave Harvard’s endowment just short of its $36.9 billion peak, which was reached in June of 2008, before the global financial crisis.
Vice President for Alumni Affairs and Development Tamara E. Rogers ’74 defended the compensation of top managers of the Harvard Management Company in a letter sent late last week to a group of alumni that had previously criticized the University's investment arm.
Members of Harvard Faculty for Divestment called once again for an open and public forum with members of the Harvard Corporation and the Harvard Management Company on Tuesday.
Ryan, who most recently served as the chief investment officer at MDR Capital Management in New York, will start his new role in September.