Crimson staff writer
Staff writer Lucas Ward can be reached at email@example.com. Follow him on Twitter @lucaspfward.
The group wants to sever Harvard's "financial ties to the prison-industrial complex by advocating for... total divestment from all corporations whose existence depends on the capture, caging, and control of human beings."
The returns, bringing the endowment's total value to $39.2 billion, mark an improvement from last year’s return of 8.1 percent and a serious turn-around from the loss of $2 billion in fiscal year 2016.
A University investment in Brazilian farmland could face a lawsuit as prosecutors review allegations that a Harvard-linked company does not rightfully own the land.
Instead of using hedge funds to manage its money, the University should shift half of its $37.1 billion endowment into lower-cost funds tracking the S&P 500, the letter’s signatories argued.
“I think journalists are attracted to this profession because we believe in its accountability,” Gibbs said, “but I think that attitude may foster a bias against the positive.”