Harvard Management Co


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.


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 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.


‘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.


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