Harvard Management Co
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.
Harvard ‘Pausing’ Investments in Some Fossil Fuels
Harvard Management Company’s head of natural resources Colin Butterfield said that Harvard is “pausing” investments in some fossil fuels.
New Campus Group Calls for Private Prison Divestment
Students have launched a new effort urging Harvard to divest—this time taking aim at the University’s holdings in private prison stocks.
Divest Harvard Blockades University Hall
Around 20 members of Divest Harvard blockaded entrances to University Hall Wednesday in protest of Harvard’s stance on investing in the coal industry.
HMC Will Invest At Least $300 Million to Spun-Off Hedge Fund
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.
Alumni Group Critiques Harvard’s Investment Strategy in Letter to Faust
Members the Class of 1981 suggested significant changes to Harvard Management Company’s investment philosophy in a letter to Faust.
Harvard Will Pay HMC Chief $6 Million Per Year
The chief executive of Harvard Management Company, will receive nearly $6 million in compensation from the University per year over the next three years.
Higher Fees at HMC 'Worth Undertaking,' Faust Says
"The sense was that the fees that would be charged by external managers in relationship to the insight and success of external managers was worth undertaking,” Faust said.
Three Investment Managers To Depart HMC to Form Hedge Funds
Weeks after the Harvard Management Company announced its intent to lay off nearly half of its 230-person staff, three of the firm’s investment managers will leave the company to form their own hedge funds, according to Bloomberg.
Harvard Alumnus Brian Rogers Named to Harvard Management Co. Board
Brian C. Rogers ’77, a prominent investment manager and philanthropist, has joined the Harvard Management Company's board of directors.
Some Alumni Encouraged by HMC Changes
While some alumni said they are cautiously optimistic about the changes at HMC, others remain focused on compensation structures at the firm.
With an External Real Estate Team, HMC May Face Increased Fees
Experts say that if the real estate team continues to do business with Harvard Management Company as an external management unit, it could earn salaries well above what members of the team drew in at HMC for doing mostly the same job.
Harvard’s Endowment Returns Trails National Average, Report Says
Harvard’s endowment grew slower than was average for university endowments in fiscal year 2016, according to a recent report from the National Association of College and Business Officers.
Harvard's Wealth Lagging Behind Peers
Harvard’s wealth has grown at a slower rate than that of its peer institutions in the past five years, a brief report from Moody’s Investors Service recently found.
Harvard Management Company to Lay Off Half Its Staff
Harvard Management Company will lay off approximately half of its 230-person staff by the end of the calendar year in the genesis of a five-year overhaul of the world’s largest university endowment.
Harvard Management Company to Lay Off Half Its Staff
Harvard Management Company will lay off approximately half of its 230-person staff by the end of the calendar year in the genesis of a five-year overhaul of the world’s largest university endowment.
Former HMC Chief Returns to Teaching Role
Stephen Blyth left the University’s investment arm in the summer to undergo cancer treatment.
University Treasurer Defends Compensation at HMC
University Treasurer Paul J. Finnegan described efforts to improve the performance of Harvard Management Company in a letter responding to alumni concerned that the University's investment arm overcompensates its executives.
Alumni Criticize HMC Executive Compensation As ‘Excessive’
A group of alumni decried “excessive” compensation for executives at Harvard Management Company in a letter sent Monday to the Harvard Corporation.
HMC to 'Refine' Natural Resources Investing
Harvard Management Company—the University’s investment arm—is aiming to sell some of its natural resource assets after the endowment’s value fell almost $2 billion during fiscal year 2016, Bloomberg reported last week.
University Budgets Potentially ‘Constrained’ For Years To Come, Report Warns
Harvard’s traditional revenue sources—including returns on its endowment—may be subdued in the coming years, a reality that could “significantly constrain” future University budgets, according to Harvard’s annual financial report released Tuesday.
Management Company Reportedly Described as ‘Lazy,’ ‘Stupid’ by Employees in 2015 Review
Harvard Management Company employees accused the University's investment arm of setting artificially low benchmarks and overcompensating top managers, Bloomberg reported Thursday.