Harvard Management Co


Harvard-Sponsored Hedge Fund TPRV Capital To Shutter Operations

TPRV Capital, LP — a hedge-fund which launched with $400 million in seed capital from Harvard Management Company in 2017 — announced that it will cease operations, liquidate all assets, and return all of its capital to its investors in an update sent to the Securities and Exchange Commission on March 9.


Divinity School Faculty Calls on Bacow, Harvard Management Company to Divest From Private Prisons

Harvard Divinity School faculty voted late last year to approve a statement asking University President Lawrence S. Bacow and the Harvard Management Company to divest Harvard’s holdings in the private prison industry, Divinity School Acting Dean David F. Holland announced Wednesday.


Net-Zero Emissions by 2050 Is ‘Too Slow,’ Three-Fourths of Surveyed Harvard Faculty Say

A significant majority of respondents to The Crimson’s annual survey of Harvard’s Faculty of Arts and Sciences — 73 percent — believe the Harvard Corporation’s commitment to achieve net-zero greenhouse gas emissions from its endowment by 2050 is “too slow.”


Endowment Sells Off Stocks in Major Technology Companies, Invests in Microsoft and Biopharmaceutical Companies in Fourth Quarter

In the final months of 2020, Harvard Management Company sold its shares in multiple major technology companies, including Google’s Alphabet, Inc., and made new investments in others, like Microsoft, while maintaining portfolio growth from the previous quarter.


Harvard Management Company Has Reduced Exposure to Fossil Fuels By 80 Percent Since 2008, Per Report

The Harvard Management Company has reduced its investments in fossil fuels by 80 percent since 2008 as it works to achieve net-zero greenhouse gas emissions associated with the University's endowment by 2050, according to a company report published Thursday.


Following Conclusion of HMC’s ‘Five-Year’ Plan, Experts Caution It’s Too Soon Know Long-Term Impact

Experts said that while early indicators of the success of Harvard Management Company’s “five-year” plan are promising, it will take years for the long-term impacts of the plan to become clear.


Harvard Management Company Completes 'Five Year' Restructuring More Than One Year Early

Harvard Management Company has completed its “five-year” organizational and investment restructuring plan more than one year ahead of schedule, HMC CEO N.P. “Narv” Narvekar announced in a message to University affiliates Tuesday.


Harvard Management Company Has Invested in Bitcoin Since 2019, per Report

Harvard Management Company — the firm managing the University’s $41.9 billion endowment — may have bought Bitcoin as early as 2019 from market exchanges, per a Monday CoinDesk report.


Japanese Government Advisor Threatened Harvard Management Company With Regulatory Probe In Critical Vote on Toshiba Chief Executive’s Replacement, per Report

A Japanese government advisor threatened Harvard Management Company with a regulatory probe if Harvard did not cast a critical vote in support of Toshiba’s management at the company’s annual shareholders meeting last July, Reuters reported last month.


Ten Stories That Shaped 2020

The past twelve months were a year like no other for Harvard and the world. Under the backdrop of a once-in-a-century pandemic, students took classes from all over the globe, while pushing for social change at the University and on the political stage. Here, The Crimson reviews ten stories that defined 2020 at Harvard.


Divestment Movement Wins Some, Loses Some

Harvard’s long-lived divestment movement this year gained powerful allies among the faculty and placed supporters in the upper echelons of University leadership, but its ultimate goal pushing the University to completely divest from fossil fuel companies remains unfulfilled.


After a Rocky Year, Harvard Faces an Uncertain Economic Climate in 2021, Hollister Says

After a turbulent year for the University and its finances, Harvard is set to grapple with an uncertain economic outlook in 2021, University Vice President for Finances Thomas J. Hollister said in an interview with The Crimson Thursday.


Harvard Management Company Renews Facebook Investments, Buys Gambling and Tech Stocks As Securities Value Spikes in Third Quarter

The overall value of the Harvard Management Company's public securities holdings increased by nearly 55 percent during the third quarter.


Harvard Management Company Will Sell Australian Farming Portfolio Worth $120 Million

Harvard Management Company plans to sell an Australian farming portfolio worth $120 million, according to a report in the Australian Financial Review.


Experts Say Endowment Returns Are Strong, But Long-Term Success Contingent on Investment Planning

While Harvard’s endowment returns for the 2020 fiscal year were promising, experts warn that the endowment could face challenges down the line.


Harvard Endowment Returns 7.3 Percent for Fiscal Year 2020

Harvard Management Company returned 7.3 percent on its investments for FY 2020, bringing the value of Harvard's endowment to the largest sum in its history.


Former Japanese Government Official Pressured HMC Head In Vote On Toshiba Chief Executive’s Reappointment, per Report

The former investment chief of Japan’s state pension fund pressured Harvard Management Company Chief Executive N.P. “Narv” Narvekar in a vote over the reappointment of an embattled electronics conglomerate chief executive, the Financial Times reported Tuesday.


Harvard Management Company Invests in New Biopharmaceutical Companies, Including COVID-19 Vaccine Hopeful

The Harvard Management Company added three biopharmaceutical companies — including a firm developing a coronavirus vaccine candidate — to its investment portfolio in the second quarter as the overall value of their public securities holdings dropped 28 percent.


In Reversal, Harvard Will Maintain Normal Endowment Payout for Fiscal Year 2021

The Harvard Corporation — the University’s highest governing body — moved to maintain a typical endowment payout of around 5 percent for Fiscal Year 2021, Dean of the Faculty of Arts and Sciences Claudine Gay wrote in an email last week.


New Data Reveals Diversity Stats of Harvard's External Asset Managers

Roughly 27 percent of the external asset management firms that oversee parts of Harvard’s $40.9 billion endowment are majority-owned by women and people of color.


In Letter to Bacow, Reps. Cleaver, Kennedy Asks HMC To Disclose Diversity of External Asset Managers

U.S. Representatives Emanuel Cleaver II (D-Mo.) and Joseph P. Kennedy III (D-Mass.) penned a letter to University President Lawrence S. Bacow requesting that Harvard disclose what percentage of its $40.9 billion endowment is managed by firms owned by people of color and women.


Bacow Made $570,072 during First Six Months of Presidency, Per Financial Disclosures

University President Lawrence S. Bacow made $570,072 in 2018, the first six months of his term, while former University President Drew G. Faust made $3.6 million in her final six months in office.


HMC Building

The Harvard Management Company, housed in the Boston Federal Reserve building, manages Harvard's endowment and related financial holdings.


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