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Harvard again trailed peer institutions on endowment returns in fiscal year 2015.
After another year of lackluster returns at Harvard Management Company, University President Drew G. Faust said Tuesday that she is concerned about the company’s performance.
Eight-year fixed-income manager Marco C. Barrozo and Satu Parikh, who joined HMC in 2011 as managing director and head of commodities, departed recently with little notice.
After a year that saw a spike in faculty growth for the first time since the financial crisis, the size of the Faculty of Arts and Sciences stalled again in fiscal year 2015.
The fundraising drive will now focus on priorities that have received fewer donations, namely house renewal and funding for new teaching techniques.
Harvard’s finest gathered under the sloping ceiling of Memorial Church on Saturday to celebrate the life of James F. Rothenberg ’68, a longtime member of the Harvard Corporation.
Harvard Management Company beat most of its internal benchmarks and the general market indices but lagged behind notable peer institutions such as MIT and Stanford.
Stephen Blyth, who took over for Jane L. Mendillo on Jan. 1, made it clear Tuesday that he plans to chart a new course as Harvard Management Company's CEO.
The gift to Harvard Medical school will fund immunology research, a new professorship, and a Dean’s Leadership Fund.
While fundraising for the School of Engineering and Applied Sciences has far exceeded its goal, some campaign priorities—such as House renewal and financial aid—lag, according to an internal August report on Faculty of Arts and Sciences campaign progress.
An internal report shows that some fundraising areas in the Harvard Campaign still have a ways to go, even as it approaches its overall $6.5 billion goal.
Harvard has raised more than $6 billion in gifts and pledges in its capital campaign, charging still closer to its public goal of $6.5 billion.
Harvard faculty and nonunion staff members on Harvard’s health plans will see an average 7.3 percent increase in their insurance premiums next year.
Finance experts say that despite both domestic and international market volatility, the Harvard Management Company should stay its course and not make drastic changes to investment portfolio.