Harvard Management Co
Not even Harvard’s cows are safe as Harvard Management Company undergoes a radical restructuring that it hopes will reverse a decade of lackluster returns.
After a Harvard Management Company official said that the natural resources portfolio is "pausing" investments in fossil fuels, the University maintained that the remarks did not represent a change in investment strategy.
Faust said the renown of American universities is “contingent” on continued federal support during a panel discussion with university presidents in the nation’s capital.
As Harvard cuts the size of its internal workforce and begins to outsource its funds to more expensive external managers, Harvard Management Company will begin to more closely resemble investment offices at Yale and other peer institutions.
Harvard Management Company’s head of natural resources Colin Butterfield said that Harvard is “pausing” investments in some fossil fuels.
Students have launched a new effort urging Harvard to divest—this time taking aim at the University’s holdings in private prison stocks.
Months after announcing it would radically revise its investment strategy by the end of the fiscal year, Harvard Management Company will invest at least $300 million into a hedge fund formed by some of its former money managers.