Harvard University will not sell a portion of its real estate holdings to China’s sovereign wealth fund after efforts to broker a deal collapsed, according to a person familiar with the situation. Media reports estimated that the deal would have been worth several hundred million dollars.
Harvard’s endowment grew to $27.4 billion in the fiscal year that ended June 30, 2010, an 11-percent investment return that comes a year after the endowment plummeted in value by 27.3 percent to $26 billion.
Harvard University will not sell a portion of its real estate holdings to China's sovereign wealth fund after efforts to broker a deal with the $300 billion fund broke down, according to a report in Bloomberg this afternoon.
Full text of the letter to colleagues in which Faculty of Arts and Sciences Dean Michael D. Smith discloses that Professor Marc D. Hauser has been found "solely responsible" by an investigating committee for eight separate instaces of scientific misconduct in his lab.