Harvard Management Co
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.
Outgoing Harvard President Lawrence Bacow Earned $1.3 Million in 2021, Financial Disclosures Show
Harvard University President Lawrence S. Bacow earned more than $1.3 million in calendar year 2021, a pay increase from the $1.1 million he made in 2020.
Assets to Axes: How Harvard’s Land Investments Inspired Fear in Brazil’s Cerrado
Although the full extent of HMC’s former landholdings remain concealed behind a complex web of private equity firms, associated subsidiary companies and investment partners, what is clear is that HMC’s purchases contributed to a climate of anxiety, fear, and strain on Brazilian subsistence farmers.
Commission Votes Against Reservoir Project on Formerly University-Owned Land After Harvard Affiliate Criticism
Several Harvard affiliates attended a Wednesday meeting of the Santa Barbara County Planning Commission to denounce a proposed project that would construct three water storage reservoirs on land in central California in which the University holds investments.
Harvard Boosted Investment in Singapore’s Grab App, Modified Biotech Holdings in Q4
The Harvard Management Company boosted its investments in Grab — a Singaporean all-in-one app offering food delivery, transportation, and digital payment services — and modified its biotechnology portfolio during the last quarter of 2022.
Harvard Endowment Fossil Fuel Investments Rose In Value During Fiscal Year 2022
The value of fossil fuel investments in Harvard’s endowment ticked up during fiscal year 2022 as energy prices soared, according to a Harvard Management Company report released Thursday.
Harvard Corporation Approved New Voting Guidelines on Climate, Racial Equity, and Cybersecurity in 2022
Harvard’s Corporation Committee on Shareholder Responsibility approved new voting guidelines in 2022 on climate commitments, racial equity audits, and cybersecurity, according to an annual report released Thursday.
Missing from Harvard’s Annual Endowment Report This Year: Underlying Data
Each fall, Harvard releases an annual financial report that provides insights into the University’s budget and investment strategy. For years, the endowment section of the report looked largely the same, with data on HMC’s targets, as well as returns across asset categories. But this fall, it abandoned the longtime practice of disclosing investment performance by asset class.
By the Numbers: Harvard’s FY 2022 Financials
In fiscal year 2022, the value of Harvard’s endowment dropped by $2.3 billion while the University’s revenue streams rebounded. See the highlights from Harvard’s Annual Financial Report below.
Harvard Endowment Value Falls $2.3 Billion Following First Negative Returns Since 2016
The value of Harvard University’s endowment fell by $2.3 billion in fiscal year 2022 after the Harvard Management Company delivered a 1.8 percent loss on its investments — its first year of negative returns since 2016.
Harvard Has Reported Positive Endowment Returns for Five Straight Years. That Could Change this Year.
With high inflation and rising interest rates rattling financial markets, the Harvard Management Company, the University’s investment arm, could be on the brink of delivering its first negative annual returns in five years.
Harvard Says the Endowment Tax Is a Blow to Higher Education. Is It?
Harvard has decried a bill passed under the Trump administration that includes a tax on wealthy university endowments. But is the impact of the provision as significant as the University claims it to be?
Harvard Bolsters Investments in Google, Semiconductor Industry
The Harvard Management Company shored up its investments in the technology industry last quarter, boosting its shares of Alphabet — the parent company of Google — by nearly 40 percent while increasing its holdings in the semiconductor companies.
Harvard Management Company Endorses Some Environmental Regulations in SEC Letter
The Harvard Management Company advocated for new environmental disclosure rules under consideration by the U.S. Securities and Exchange Commission, while pushing back against the proposal’s broadest reporting mandate in a letter to the SEC.
GOP Congressman Takes Aim at Harvard’s Potential Endowment Links to Chinese Companies
U.S. Representative Gregory F. Murphy (R-N.C.) called on Harvard to disclose and divest its endowment from any potential holdings in Chinese companies deemed a threat to national security by the federal government in a letter to the school last week.
Harvard Endowment Shares of Meta, Google Balloon in First Quarter
The Harvard Management Company more than tripled its shares of Meta Platforms — formerly known as Facebook — as it saw nearly all of its stock holdings decline in value during the first three months of 2022.
Harvard President Lawrence Bacow Made $1.1 Million in 2020, Financial Disclosures Show
Harvard University President Lawrence S. Bacow earned $1.13 million in 2020, a pay cut from his compensation during the first full year of his presidency in 2019.
After Initial Sell-Off, Harvard Endowment Has Slowly Increased Number of Public Holdings Under Narvekar
The number of stocks in the Harvard endowment has slowly crept back up in recent years after the Harvard Management Company sold off the vast majority of its public holdings when N.P. “Narv” Narvekar took over as its CEO.
‘A Black Hole of Information’: Experts Evaluate Harvard’s Net-Zero Emissions Pledge
As the Harvard Managment Company works toward achieving its pledge, climate and financial experts weighed in on the challenges the company faces, including difficulties obtaining data on and measuring the emissions of its partners.
Endowment Scraps Apple, Slashes Facebook Holdings in Fourth Quarter
HMC’s acquisitions and liquidations were reported in its latest filings with the Securities and Exchange Commission, which requires investment managers who oversee more than $100 million in assets to disclose their public securities portfolio each quarter.
Ten Stories That Shaped 2021
At Harvard, 2021 was a year marked by change. The school’s long-awaited return to in-person operations injected new life into a campus that had been left dormant for over a year by Covid-19. And in an unexpected shift, the University announced its intention to divest its endowment from fossil fuels after a decade of public pressure. Separately, faculty controversies — including a federal conviction and a high-profile departure — ignited debates that rippled across academia. Below, The Crimson looks back at the 10 stories that shaped the last year at Harvard.
University CFO Says Harvard ‘Moving in the Right Direction,’ Despite Pandemic Costs
Harvard chief financial officer Thomas J. Hollister said the University’s finances are “moving in the right direction” in a Wednesday interview, though he cautioned that officials remain alert in the ever-changing landscape of the Covid-19 pandemic.
Harvard’s Shareholder Panel Votes On Three Facebook Governance Measures
Harvard’s Committees on Shareholder Responsibility voted on three resolutions presented to Facebook shareholders during the last fiscal year, according to a report published earlier this month.
Harvard Management Company Sells Holdings in Tech, Increases Facebook Investments in Third Quarter
HMC sold its holdings in several technology and pharmaceutical companies while increasing its investments in Facebook in the third quarter of 2021.
Despite Historic Returns, Harvard Endowment Still Trails Ivy League Peers
Though the Harvard Management Company reported record-breaking returns last Thursday, several financial experts said it still lags behind the performance of key financial indices and its peer institutions.