Harvard Management Co
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Lane MacDonald '88-'89 will join the growing group of former Harvard Management Company employees who have moved to the private sector over the years, when he departs at the end of the month.
The documents advertising the sale were posted in Romanian provinces two days after Dragos Lipan Secu, a former contractor for a University subsidiary, was arrested on charges of bribery and money laundering.
Jane L. Mendillo is the president and executive director of the Harvard Management Company.
Harvard's endowment returns have been generally in line with the national average in the past few years, but historically exceeded it, according to data from the National Association of College and University Business Officers and Commonfund Institute.
Harvard’s endowment grew at a slower rate than the national average for American colleges and universities, as well as many of its peer institutions, in fiscal year 2013, according to data released Tuesday by the National Association of College and University Business Officers and Commonfund Institute.
While a contractor for Scolopax, a Harvard-owned timber company in Romania, Dragos Lipan Secu allegedly conspired with timber sellers to purchase timberland at artificially high prices.
Members of Divest Harvard, the student group currently spearheading the divestment movement, say that President Faust's letter reaffirming Harvard's anti-divestment stance serves as a source of motivation, rather than discouragement.
A former Harvard hockey star and active alumnus will become the managing director for private equity at Harvard Management Company, HMC announced in a press release on Monday.
A study released Tuesday alleges that the management of two Harvard-owned timber plantations in Argentina has led to the deterioration of the Ibera Wetlands, the world’s second largest wetlands, and a decline in the quality of life in surrounding communities.
The returns, which apply to fiscal year 2013, mark vast improvement from the previous fiscal year, during which the endowment’s value declined slightly to $30.7 billion.
Divest Harvard continues to garner support from students, faculty, and other members of the community for its efforts to force the University to divest from fossil fuel corporations.
Jameela Pedicini, a former manager for the United Nations’ Principles for Responsible Investment initiative, will work to research and understand sustainability issues related to the University’s more than $30 billion endowment.
A Morgan Stanley executive will take over as Harvard Management Company’s next chief risk officer, the body announced Wednesday.
Harvard will invest its soon-to-be-launched social choice fund into the Parnassus Equity Income Fund, the University announced in a press release on Thursday.
University President Drew G. Faust saw little change in her earnings between 2010 and 2011, while HMC President and CEO Jane L. Mendillo's total compensation jumped by 52 percent during the same time period.