Harvard Management Co


In Letter to Bacow, Rev. Al Sharpton Calls on Harvard to Disclose Diversity Among Endowment Managers

Civil rights activist Reverend Al Sharpton called on Harvard to disclose whether it employs African American asset managers in a letter to University President Lawrence S. Bacow last month.


Harvard Indirectly Holds Nearly $100,000 Worth of Stocks in Tobacco Companies

The Harvard Management Company indirectly holds an estimated $98,265.08 worth of shares through exchange-traded funds which include tobacco companies, an industry Harvard divested from in 1990, according to The Crimson’s analysis of HMC’s public filings to the Federal Securities and Exchange Commission.


Harvard Management Company Bought Uber, Biopharmaceutical Stocks During Last Quarter of 2019

HMC bought stock in Uber, decreased its shares in Facebook, and slightly lowered its overall securities value in the last quarter of 2019.


Georgetown’s Decision to Divest from Fossil Fuels Has Uncertain Implications for Harvard, Experts Say

Though Georgetown University’s administration pledged on Feb. 6 to divest from the fossil fuel industry, legal and environmental experts say the decision provides little insight into the decision-making of Harvard’s top administrators, who have remained opposed to divestment.


Committee on Shareholder Responsibility Voted on Facebook Practices

Harvard’s Committee on Shareholder Responsibility, which is tasked with handling issues of corporate social responsibility, voted on four resolutions presented to Facebook shareholders during the last fiscal year, according to a Friday report.


Three Years Into HMC’s Five-Year Plan, Experts Say It Is Too Soon to Judge Narvekar

Despite declining endowment returns since Harvard Management Company CEO N.P. “Narv” Narvekar took the helm, experts say the recent performance figures are not necessarily indicative of his success in the role.


Harvard Management Company

The Harvard Management Company manages Harvard's endowment and related financial holdings.


Harvard Posts $298 Million Surplus in 2019

University revenues rose to $5.5 billion, a 6 percent increase, according to the report. The largest source of University revenue was distributions from Harvard’s more than $40 billion endowment, which made up 35 percent of total revenue.


Divest Harvard Holds Protest About University’s Brazilian Land Ownership

Divest Harvard — a student group demanding the University divest from fossil fuels — hosted a day of events Monday calling attention to Harvard’s ownership of Brazilian land and reigniting its calls for the school to sell those holdings in the name of environmentalism.


Bacow Continues to Support Harvard Management Company’s Five-Year Plan

Following Harvard Management Company’s announcement that it returned 6.5 percent on its investments for fiscal year 2019, University President Lawrence S. Bacow said he continues to support HMC CEO N.P. “Narv” Narvekar and the University’s five-year plan to restructure its endowment management.


Harvard Submits Public Comments to Endowment Tax Rules

Harvard and more than 30 other colleges and universities jointly submitted their formal opposition to the United States Treasury’s proposed rules for implementing a tax on some universities’ endowments that was originally passed into law in December 2017.


Harvard Endowment Returns 6.5 Percent for Fiscal Year 2019

The returns were announced in a note from HMC CEO N.P. “Narv” Narvekar to University affiliates Friday morning, and represent the lowest return rate in two years — 2018 saw a 10.1 percent return, while 2017 yielded 8.1 percent. Despite the low rate, the endowment exceeded $40 billion for the first time in its history.


Harvard Management Company Joins Climate Action Initiative

HMC has signed onto the Climate Action 100+, a group of investors committed to pushing greenhouse gas emitters to take action on climate change initiatives.


Harvard-Affiliated Hedge Fund to Shut Down

The fund announced its decision to “terminate the business of the funds and wind up its affairs” in an April letter to investors, but did not specify the precise reason the fund is closing, the Wall Street Journal reported last week.


Dean for Administration Says Harvard College Looking to Limit Spending

Harvard College is exploring ways to limit spending in preparation for a future fiscal downturn more than ten years after the 2008 financial crisis hit the University, College Dean for Administration Sheila C. Thimba said in an April 30 interview.


Harvard Management Company Compliance Chief Debates Divestment With Activists

Harvard Management Company Chief Compliance Officer Kathryn I. Murtagh spoke about Harvard's investment policies Monday at a panel that also featured students and faculty calling for the University to divest from companies with ties to the prison and fossil fuel industry.


Former University Treasurer and Founder of Harvard Management Company George Putnam Jr. Dies at 92

The great nephew of former University President Abbott Lawrence Lowell, Putnam created the Harvard Management Company — the firm that oversees the University’s multi-billion dollar endowment — and served as its first leader, which greatly influenced how universities manage their endowments.


Harvard Invests Millions in New Cryptocurrency

Harvard Management Company is now investing in a new cryptocurrency, Blockstack, according to Securities and Exchange Commission filings released Wednesday, a move some experts have said is still unusual for investors of its magnitude.


New Harvard Management Company Website Removes Divestment Information, Defends Natural Resources Holdings

Harvard Management Company updated its website within the last month to remove any mention of past instances of divestment and to include references to its protocols on its investment in land and agriculture.


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