Harvard Management Co
Perspectives on Divest Harvard and Why They Won’t Give Up
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.
Lane MacDonald '88-'89 Named HMC Managing Director
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.
Study Says Harvard-Owned Plantations Have Damaged Argentina Wetlands
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.
Harvard Endowment Rises to $32.7 Billion
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.
Divestment Movement Continues at Harvard
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.
HMC Names Its First Vice President for Sustainable Investing
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.
Morgan Stanley Exec To Serve as HMC's Chief Risk Officer
A Morgan Stanley executive will take over as Harvard Management Company’s next chief risk officer, the body announced Wednesday.
Harvard Picks Parnassus for Social Choice Fund
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.
Faust's Earnings in 2011 Much Lower Than Those of Other University Presidents and Top Harvard Employees
University President Drew G. Faust received $899,734 in salary and benefits in 2011, according to a recent filing with the Internal Revenue Service. While that figure is about the same as last year’s, Harvard’s chief investment manager, who is paid far more than most administrators, saw a 52 percent increase in her earnings.
Buy Bras and Crocs to Support Harvard?
The Harvard Management Company certainly isn't headed to the thrift shop with nearly $31 billion dollars in their pockets. Harvard's investments in Smith & Wesson, one of the largest gun distributors in the United States, recently raised concern among alums and current students in the Responsible Investment at Harvard Coalition. But one investment is small potatoes for the HMC. Even if they choose to divest from Smith & Wesson, they'll still have money to blow on high-end retail, tacky shoes, and even entire countries. You name it—Harvard has probably already invested in it.
Activist Group Condemns Endowment’s Link to Gunmakers
A student and alumni activist group criticized Harvard this week for its investment in an index fund that is a major shareholder of firearm manufacturer Smith & Wesson.
HMC Creates New VP Position for Sustainable Investing
Harvard Management Company has created a new position devoted to researching and understanding sustainability issues related to the University’s $30.7 billion endowment.
Mendillo Seeks To Recruit Students for HMC
Speaking at a recruiting event for the Harvard Management Company on Monday, HMC President and CEO Jane L. Mendillo said she recently has been “more conscious about trying to recruit” Harvard students to work for the Company, which oversees the University’s investments.
Harvard's Endowment Returns Beat the National Average for American Colleges
Harvard’s endowment returns beat the national average for American colleges and universities during the 2012 fiscal year.
Harvard To Establish Social Choice Fund
Following months of pressure from students and alumni and similar decisions at other schools, Harvard announced on Thursday that it will create a social choice fund.
University Leaders To Meet With Divestment Advocates
University leaders will sit down with student advocates of fossil fuel divestment and explore the possibility of creating a social choice fund, senior University officials told The Crimson this week.
University Leaders To Meet With Student Advocates About Divestment
University leaders will sit down with student advocates of fossil fuel divestment and explore the possibility of creating a social choice fund, senior University officials told The Crimson this week.
As Other Colleges Discuss Divestment, Harvard Stays Mum
While a number of colleges have expressed enthusiasm at the overwhelming Harvard student support for the divestment of the University’s endowment from the fossil fuel industry, many student leaders also voiced concern at the Harvard administration’s silence on the issue.
University 'Not Considering' Divestment
A week after about 2,600 undergraduates voted in support of a referendum calling for Harvard to divest its endowment from the fossil fuel industry, a Harvard spokesperson said on Wednesday that the University has no plans to adjust its investment portfolio in response to the student plebiscite.
University's Annual Report Shows Rise in Deficit, Decrease in Total Debt
Harvard sustained a small deficit of $4.5 million in the last fiscal year resulting from a 3 percent increase in University operating costs, according to the annual University Financial Report released Friday morning.
Harvard's Negative Return Part of Broader Trend, Experts Say
A negative return on an investment is likely to cause anxiety for investors concerned about the long-term viability of their assets. For this reason, Harvard’s announcement of a negative 0.05 return on its investments attracted media attention across the globe.
Harvard's Endowment Dips Slightly
Harvard’s endowment dipped in value for the first time since the 2009 fiscal year, its investments dropping 0.05 percent and the overall level of endowment funds dropping to $30.7 billion in the 2012 fiscal year.
Group Calls for Greener Fund
This fall student activists launched the Harvard chapter of Divest for Our Future, a campaign intended to pressure Harvard Management Company, the body that oversees Harvard’s endowment, to divest from any companies involved in the fossil fuel industry and to move its investments into socially and environmentally responsible funds.
Faust Earned More Than $875,000 in 2010
Jane L. Mendillo, president and CEO of HMC, earned $3.5 million. HMC Managing Director and Head of External Management Andrew G. Wiltshire received $5.5 million, making him the highest-paid official at HMC in 2010.