Harvard Management Co
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Harvard Management Company has continued its strategy of investing in natural resources by purchasing millions of dollars' worth of vineyard land in central California.
The protest comes after much debate over the plantations, including allegations of mismanagement and the announcement of recertification of the plantations last week.
More than 100 faculty members from across the University signed an open letter on Thursday urging University President Drew G. Faust and members of the Harvard Corporation, the University’s highest governing body, to divest the University's endowment from fossil fuel companies.
The independent third-party Rainforest Alliance accredited the plantations, EVASA and Las Misiones, located in northern Argentina, on behalf of FSC.
The three-fold endeavor will launch a research-focused Climate Change Solutions Fund, increase sustainability measures on campus, and affirm the endowment’s commitment to environmentally sustainable and socially conscious investing.
Congressman David L. Camp’s tax reform plan could cost Harvard tens of millions of dollars in endowment taxes if passed.
Richard L. Hall '90 will replace Lane MacDonald ’88-’89, who stepped down in February, less than three months after being promoted to the position.
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.