Harvard Management Co


Critics Says Harvard’s Endowment Is Underperforming and Overly Secretive. Is It?

The lackluster performance of Harvard’s endowment — the largest in the world — has sparked concerns about the stewardship and transparency of the endowment under Harvard Management Company CEO N.P. “Narv” Narvekar.


Harvard Management Company CEO Receives 6.9% Pay Cut Over Poor Investment Returns

The Harvard Management Company cut the pay of Chief Executive Officer N.P. “Narv” Narvekar by 6.9 percent in 2022 after the endowment had its third-worst annual investment results in the last 20 years.


Design School Student Govt. Urges Harvard to Divest From ‘Illegal Occupation of Palestine’

The Harvard Graduate School of Design Student Forum passed a resolution Monday urging the Harvard Management Company to divest from entities that “aid the ongoing illegal occupation of Palestine and the genocide of Palestinians.”


Harvard Climate Advocates Cautiously Optimistic After Release of Climate Report

Harvard affiliates gave mixed reactions to Harvard Management Company’s publication of its annual climate report. The report, released last week, details a drop in the Harvard fossil fuel investments, which are now less than 2 percent of the endowment.


Harvard Endowment’s Fossil Fuel Investments Drop Below 2%

The Harvard Management Company — which stewards the University’s $50.7 billion endowment — reported the endowment’s investments in fossil fuels have fallen below 2 percent, as the University remains on pace to fully divest from the industry by 2050.


Michael Chae ’90, Blackstone CFO, Joins Harvard Management Company’s Board of Directors

The Harvard Corporation — the University’s highest governing body — tapped Michael S. Chae ’90, chief financial officer of Blackstone, to become the newest member of the Harvard Management Company’s board of directors.


Harvard Slashes Healthcare Investments, Tech Rises to 98% of Portfolio

The Harvard Management Company increased its direct holdings of Alphabet and Meta and continued its major sell off of biopharma holdings — which now make up less than 1 percent of the portfolio — during the last three months of 2023.


Foxx Calls Harvard Congressional Submission ‘Woefully Inadequate,’ Raises Threat of Subpoena

Rep. Virginia Foxx (R-N.C.), chairwoman of the House Committee on Education and the Workforce, called Harvard’s submission to the committee’s antisemitism investigation on Tuesday “woefully inadequate,” raising the prospect that the University could soon face a congressional subpoena.


Harvard Endowment Executives Meet with Silicon Valley Investors Amid University Turmoil

Harvard Management Company executives met with leading venture capital and private equity investors in Silicon Valley last week amid investor concerns over the University’s response to the Israel-Hamas war and allegations of antisemitism on campus.


HMC Managing Director Joined Business Leaders and Investors in Exclusive Israel Trip

Managing Director of Investment for the Harvard Management Company, Adam Goldstein, joined 65 business leaders and investors for a five day trip to Israel this week.


Harvard Management Co. Decreased Investments in Meta and Alphabet, Sold Biopharma Holdings in Q3

The Harvard Management Company sold a significant percentage of its direct holdings in Meta and Alphabet, as well as the entirety of its direct holdings in several acquired biomedical and pharmaceutical companies, during the third quarter of 2023.


Harvard’s Endowment Could Deliver Poor Returns for the Second Year in a Row

One year after Harvard’s endowment reported a $2.3 billion drop in value — its first year of negative returns since 2016 — financial experts say the school could be headed towards a second straight year of poor investment results.


Santa Barbara Board Upholds Rejection of Reservoir Construction Project on Former HMC Holdings

The Santa Barbara County Board of Supervisors voted on Tuesday to uphold an earlier county decision that rejected a project to construct three water storage reservoirs on former Harvard University land holdings in central California.


Harvard Experiences 18% Jump in Direct Public Portfolio Value in Q1 2023

The value of Harvard Management Company’s direct public investments increased by 18 percent during the first quarter of 2023 as key tech stocks in its portfolio rallied.


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