Harvard Management Co
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After helping Harvard’s endowment recover from a global financial crisis, Harvard Management Company President and CEO Jane L. Mendillo will depart her post at the end of 2014.
Harvard Management Company is housed in the Boston Federal Reserve building.
At Harvard Management Company, the stakes are high, especially during Harvard’s record-seeking capital campaign. But in contrast to the record yields HMC enjoyed from 1990 until the financial crisis, the company’s recent returns—which influence Harvard’s financial strength more than any donor can—now straddle the national average.
A year of protests and conflicts reveals the divergent conceptions of responsible investment at Harvard.
Jane L. Mendillo, President and CEO of Harvard Management Company, which manages Harvard's $33 billion endowment.
Harvard Corporation member Paul J. Finnegan ’75 will replace Corporation colleague James F. Rothenberg ’68 as Harvard’s treasurer on July 1
HMC President and CEO Jane L. Mendillo earned $4,801,347—a decrease of more than $500,000 from 2011—while Andrew G. Wiltshire, head of alternative assets for HMC, was the company’s top breadwinner with $7,896,277 in compensation.
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.