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Harvard Management Co

Federal Reserve Bank of Boston - HMC Office
Endowment

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.

University of California Divestment
Harvard Management Co

University of California Divestment Decision Offers Insights Into Feasibility of Divestment at Harvard

As the UC system — which holds a mix of public and private assets — disentangles itself from the fossil fuel industry, some experts say it may offer a glimpse of what it would look like for Harvard to follow a similar path.

Federal Reserve Bank of Boston - HMC Office
Endowment

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 Management Company
University Finances

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
Harvard Management Co

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.

Divestment Full Spread
Central Administration

A New Day for Divestment

Student activism at Harvard has evolved over the years, and while divestment is nothing new, it’s now become students’ favorite tactic.

Federal Reserve Bank of Boston - HMC Office
University Finances

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.

Divestment Panel
Harvard Management Co

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.

university-hall
College

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.

George Putnam Jr.
Alumni

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 Management Company
Economics

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.

Federal Reserve Bank of Boston - HMC Office
Endowment

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.

Water Pipes Full
Endowment

After Local Outcry, a Harvard-Owned Vineyard Project Faces Environmental Review

Among some of the corporations that have expanded into the region in recent years is an unlikely investor — the Harvard Management Company. HMC, the University’s investment arm, oversees Harvard’s nearly $40 billion endowment.

Divestment Rally
University Finances

Prison Divestment Advocates Rally, Deliver Petition to Harvard President Bacow

More than 100 Harvard affiliates gathered outside of Massachusetts Hall Friday to deliver a petition to University President Lawrence S. Bacow urging Harvard to disclose and divest its holdings in companies tied to the prison industry.

Harvard Management Company
University Finances

Harvard Invests Heavily in Tech Stocks Compared to Other Top Endowments

Harvard Management Company, the University’s investment arm, invests more heavily in technology companies than the other four largest university endowments in the country, according to the most recent U.S. Securities and Exchange Commission filings.

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