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Harvard Management Co

Endowment Feature
Central Administration

Critics Says Harvard’s Endowment Is Underperforming and Overly Secretive. Is It?

The lackluster performance of Harvard’s endowment — the largest in the world — has sparked concerns about the stewardship and transparency of the endowment under Harvard Management Company CEO N.P. “Narv” Narvekar.

Harvard Management Company
University Finances

Harvard Management Company CEO Receives 6.9% Pay Cut Over Poor Investment Returns

The Harvard Management Company cut the pay of Chief Executive Officer N.P. “Narv” Narvekar by 6.9 percent in 2022 after the endowment had its third-worst annual investment results in the last 20 years.

Kennedy School Earth Day Protest
Harvard Management Co

Harvard Affiliates Denounce Fossil Fuel Funded Research at Reclaim Earth Day Rally

More than a dozen Harvard affiliates gathered Monday afternoon in the John F. Kennedy Memorial Park to protest fossil fuel research in an Earth Week event organized by Fossil Fuel Divest Harvard.

Harvard Graduate School of Design Gund Hall
Graduate School of Design

Design School Student Govt. Urges Harvard to Divest From ‘Illegal Occupation of Palestine’

The Harvard Graduate School of Design Student Forum passed a resolution Monday urging the Harvard Management Company to divest from entities that “aid the ongoing illegal occupation of Palestine and the genocide of Palestinians.”

Harvard Management Company
Student Groups

Harvard Climate Advocates Cautiously Optimistic After Release of Climate Report

Harvard affiliates gave mixed reactions to Harvard Management Company’s publication of its annual climate report. The report, released last week, details a drop in the Harvard fossil fuel investments, which are now less than 2 percent of the endowment.

Harvard Divinity School
Harvard Divinity School

Divinity School Student Government Calls On Harvard to Divest from ‘Illegal Occupation of Palestine’

The Harvard Divinity School Student Association passed a resolution Friday morning calling on the University to divest from entities involved in “violations of international law and human rights against Palestinians.”

Harvard Management Company
Endowment

Harvard Endowment’s Fossil Fuel Investments Drop Below 2%

The Harvard Management Company — which stewards the University’s $50.7 billion endowment — reported the endowment’s investments in fossil fuels have fallen below 2 percent, as the University remains on pace to fully divest from the industry by 2050.

Harvard Management Company
University Finances

Michael Chae ’90, Blackstone CFO, Joins Harvard Management Company’s Board of Directors

The Harvard Corporation — the University’s highest governing body — tapped Michael S. Chae ’90, chief financial officer of Blackstone, to become the newest member of the Harvard Management Company’s board of directors.

Harvard Management Company
University Finances

Harvard Affiliates Testify Against Oil Drilling on California Harvard-Owned Land

The Santa Barbara County Planning Commission voted to approve an exploratory oil drilling project on former Harvard land holdings in California on Jan. 31, following testimony on environmental repercussions.

Harvard Management Company
Endowment

Harvard Slashes Healthcare Investments, Tech Rises to 98% of Portfolio

The Harvard Management Company increased its direct holdings of Alphabet and Meta and continued its major sell off of biopharma holdings — which now make up less than 1 percent of the portfolio — during the last three months of 2023.

Rep. Virginia A. Foxx at Congressional Hearing
Central Administration

Foxx Calls Harvard Congressional Submission ‘Woefully Inadequate,’ Raises Threat of Subpoena

Rep. Virginia Foxx (R-N.C.), chairwoman of the House Committee on Education and the Workforce, called Harvard’s submission to the committee’s antisemitism investigation on Tuesday “woefully inadequate,” raising the prospect that the University could soon face a congressional subpoena.

Harvard Management Company
Fundraising

Harvard Endowment Executives Meet with Silicon Valley Investors Amid University Turmoil

Harvard Management Company executives met with leading venture capital and private equity investors in Silicon Valley last week amid investor concerns over the University’s response to the Israel-Hamas war and allegations of antisemitism on campus.

D. Ronald Daniel
Central Administration

D. Ronald Daniel, Former Harvard Treasurer Who Saw Endowment Quadruple During 15-Year Tenure, Dead at 93

D. Ronald Daniel, a longtime treasurer of Harvard University who saw the University’s endowment quadruple in value during his 15-year tenure, died on Dec. 16 at his home in New York City. He was 93.

Harvard Management Company
Endowment

HMC Managing Director Joined Business Leaders and Investors in Exclusive Israel Trip

Managing Director of Investment for the Harvard Management Company, Adam Goldstein, joined 65 business leaders and investors for a five day trip to Israel this week.

Harvard Management Company
Central Administration

Harvard Management Co. Decreased Investments in Meta and Alphabet, Sold Biopharma Holdings in Q3

The Harvard Management Company sold a significant percentage of its direct holdings in Meta and Alphabet, as well as the entirety of its direct holdings in several acquired biomedical and pharmaceutical companies, during the third quarter of 2023.

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