Harvard Management Co
Protesters Call on Harvard to Divest from Puerto Rican Debt
The protest forms part of a series of protests calling on higher education institutions to divest from financial groups with significant Puerto Rico debt holdings.
Gupta, Hall Leave Harvard Management Company
Executives Geetanjali Gupta ’00 and Richard L. Hall ’90 will both leave Harvard Management Company in February, on the heels of a year of significant restructuring at HMC.
Harvard Sells Majority Stake in NYC Properties for $244 Million
Harvard Management Company sold its majority stake in a portfolio of properties scattered around New York City to Blackstone Group for nearly $244 million.
Ten Stories That Shaped 2017
2017 saw tectonic changes—ranging from Harvard's decision to keep the College's controversial social life policy to its launch of a presidential search destined to chart the course for decades to come. The Crimson reviews ten stories that defined a tempestuous year.
HMC Sells $74 Million of Cows and Farmland to New Zealand Company
Harvard’s more than 5,000 cows are about to change hands.
Harvard to Spin Out Real Estate Management to Bain Capital
Harvard Management Company will outsource its real estate management team to Boston-based private equity firm Bain Capital.
Entire Ivy League Outpaces Harvard Endowment in Fiscal Year 2017
In a year when most institutional investors rode out robust public markets, Harvard’s 8.1 percent investment return for fiscal year 2017 placed it last among Ivy League endowments.
Harvard Sheds Portfolio Assets in Fiscal Year 2017
Harvard's annual financial report indicates significant shifts in investment strategy in fiscal year 2017, including the jettisoning of billions in assets.
Yale Endowment Returns Top Harvard, But Trail Ivy Peers
Yale University—the Ivy League school known for consistently leading the pack in annual investment returns—returned 11.3 percent on its investments for fiscal year 2017.
Harvard’s Endowment Returns, Explained
Harvard’s endowment posted an 8.1 percent return on its investments for the fiscal year. Here’s what that means, and why it matters.
Asset Breakdown Absent from HMC Report
In a departure from tradition, notably absent from the annual endowment report Harvard Management Company released Tuesday was a dissection of the assets that comprise its portfolio
Harvard Returns 8.1 Percent in ‘Disappointing’ Fiscal Year 2017
Harvard returned 8.1 percent on its investments in fiscal year 2017, a “disappointing” performance the firm’s CEO called “a symptom of deep structural problems at HMC.”
Strong Public Markets May Bode Well for Harvard
Robust growth in public markets may portend growth for Harvard's endowment in fiscal year 2017.
HMC to Unload Private Equity Assets
Harvard Management Company—the firm managing Harvard’s $35.7 billion endowment—is nearing the final stage in talks to sell over $2 billion in private equity and real estate assets to Lexington Partners.
Harvard’s Endowment Plans to Sell $70 Million of Cows and Farmland Assets
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.
The Rise and Fall of HMC
Harvard Management Company's new CEO is leading an effort to revamp the University's investment arm.
Faust Made $1.4 Million in 2015
University President Drew G. Faust earned just over $1.4 million in compensation in calendar year 2015.
HMC Aims to Sell $2.5 Billion in Endowment Assets
Harvard Management Company is trying to sell around $2.5 billion in private equity, venture capital, and real estate assets as part of its broader revamp in investment strategy.
Despite Divest Cheers, Harvard Maintains Investment Approach
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.
In D.C., Faust Calls for Government Backing of Universities
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.
Yale’s Annual Endowment Report Defends High Fees for External Managers
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.