Crimson staff writer
Virginia L. Ma
Crimson staff writer Virginia L. Ma can be reached at firstname.lastname@example.org.
Harvard became entangled in a feud over olive oil earlier this year when the California Legislature moved to regulate how the community is labeled — in part in response to the business practices of a company previously owned by Harvard Management Company.
The University’s new biological research and manufacturing facility appointed biotechnology industry veteran Ran Zheng as its inaugural Chief Executive Officer and began construction on a 40,000 square-foot facility in Watertown, Mass. on Thursday.
University President Lawrence S. Bacow earned $1,224,889 in 2019, his first full year as Harvard’s president, according to financial documents filed by the University earlier this month.
The Harvard Corporation voted last week to draw further from the endowment for fiscal year 2022 than initially planned in light of strong stock market returns.
CFO Hollister Predicts Harvard’s Second Consecutive Year of Declining Revenues for First Time Since Great Depression
Vice President for Finance and Chief Financial Officer Thomas J. Hollister forecasted in a Tuesday interview with The Crimson that Harvard will experience its second consecutive year of declining revenues for the first time since the Great Depression of the 1930s.
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.
Harvard boasts the largest endowment of any university in the world and supplements its finances with hundreds of millions of dollars in donations annually. Despite the scale of Harvard’s philanthropic efforts, a sizable gender disparity persists among the University’s donors.
Harvard may be eligible to receive nearly $25.5 million in aid from the latest federal stimulus package, according to an analysis published Monday by the American Council on Education, a higher education interest group.
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.