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.
David Rockefeller '36 donated at least $140 million to the University, making him one of Harvard's most generous financial supporters.
What is Harvard thinking? We definitely don't think reading literature from the Middle Ages is a good social event alternative.
The chief executive of Harvard Management Company, will receive nearly $6 million in compensation from the University per year over the next three years.
Members the Class of 1981 suggested significant changes to Harvard Management Company’s investment philosophy in a letter to Faust.
"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.
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.
Brian C. Rogers ’77, a prominent investment manager and philanthropist, has joined the Harvard Management Company's board of directors.
While some alumni said they are cautiously optimistic about the changes at HMC, others remain focused on compensation structures at the firm.
Harvard raised $1.19 billion in fiscal year 2016, marking the University's largest fundraising haul in a single year.
An entrepreneur has launched an appeal in a lawsuit he brought against the Harvard Business Review in 2016 that alleged the publication printed libelous information about his career.
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 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’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.
Cambridge Police and the Harvard University Police Department cleared an unconfirmed bomb threat near Jefferson Labs.