Christine Y. Cahill

Federal Reserve Bank of Boston - HMC Office
University Finances

Has HMC Lost Its Edge?

At Harvard Management Company, the stakes are high, especially during Harvard’s record-seeking capital campaign. But in contrast to the record yields HMC enjoyed from 1990 until the financial crisis, the company’s recent returns—which influence Harvard’s financial strength more than any donor can—now straddle the national average.

Year in Review - Divestment: Massachusetts Hall Protest
Harvard Management Co

Money and Morals at HMC

A year of protests and conflicts reveals the divergent conceptions of responsible investment at Harvard.

Vineyard Lands
Central Administration

Harvard Management Company Invests in California Vineyards

Harvard Management Company has continued its strategy of investing in natural resources by purchasing millions of dollars' worth of vineyard land in central California.

Drew Faust

News Analysis: UN-Backed Investment Principles Are More Symbol than Action, Experts Say

Although the University has signed onto the United Nations-supported Principles for Responsible Investment, sustainability and investment experts cautioned that the voluntary nature of the principles are closer to a statement of values than policy.

Endowment

In letter, More than 100 Faculty Members Call on Faust, Corporation To Divest From Fossil Fuels

More than 100 faculty members from across the University signed an open letter on Thursday urging University President Drew G. Faust and members of the Harvard Corporation, the University’s highest governing body, to divest the University's endowment from fossil fuel companies.

State of the University
Research

University Will Adopt UN-Backed Investment Principles, Launch New Climate Change Initiatives

The three-fold endeavor will launch a research-focused Climate Change Solutions Fund, increase sustainability measures on campus, and affirm the endowment’s commitment to environmentally sustainable and socially conscious investing.

Endowment

Tax Reform Plan Could Cost Harvard Millions, Though Passage Unlikely

Congressman David L. Camp’s tax reform plan could cost Harvard tens of millions of dollars in endowment taxes if passed.

FAUST
College

Amid Debate, Faust Announces Creation of Sexual Assault Task Force

The task force will be chaired by former University Provost Steven E. Hyman, who, during his tenure as provost, helped oversee the creation of the Office of Sexual Assault Prevention and Response.

Boston

Weston Selectmen Vote To Sue University Over Sale of Contaminated Property

Weston alleges that Harvard failed to comply with the terms of a 2010 contract which required the University to “remediate” contaminated portions of the 62.5-acre Case Estates property it had agreed to sell to the town.

Endowment

Management Company Names New Private Equity Director

Richard L. Hall '90 will replace Lane MacDonald ’88-’89, who stepped down in February, less than three months after being promoted to the position.

University Finances

Harvard Puts Romanian Timberland Associated with Bribery Case Up for Sale

The documents advertising the sale were posted in Romanian provinces two days after Dragos Lipan Secu, a former contractor for a University subsidiary, was arrested on charges of bribery and money laundering.

Central Administration

11,000 Employees Overtaxed Because of Harvard Payroll Error

Due to a mistake in the way the University reported its employees’ taxable income, approximately 11,000 Harvard employees paid excess income taxes between 2009 and 2013, with the hardest hit contributing several thousands dollars more than they should have.

College Finance

Former Harvard Timber Contractor Accused of Bribery, Money Laundering

While a contractor for Scolopax, a Harvard-owned timber company in Romania, Dragos Lipan Secu allegedly conspired with timber sellers to purchase timberland at artificially high prices.

Protests

Boston-Area Students Rally for Fossil Fuel Divestment

More than 150 students from Harvard and other Boston-area colleges rallied Sunday afternoon at the Weeks Footbridge to continue pressuring their administrations to divest their endowments from fossil fuel companies.

Undergraduate Council

UC Approves Bylaws Change in Preparation for Potential President- and VP-Elect Vacancies

Just hours before the Undergraduate Council Vice President-Elect told The Crimson that he no longer plans to step down, the UC met to approve a change to the bylaws designed to prepare for potential vacancies in the President and Vice President-Elect positions.

transatlanticism
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Transatlanticism

paris_leaving
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I Am Not at a Cafe

zoe_argentina
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Away in Argentina

Land of Fog
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Land of Fog