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Harvard Management Co

Harvard Management Company
Endowment

Experts Say Endowment Returns Are Strong, But Long-Term Success Contingent on Investment Planning

While Harvard’s endowment returns for the 2020 fiscal year were promising, experts warn that the endowment could face challenges down the line.

HMC Building
Endowment

Harvard Management Company Will Sell Australian Farming Portfolio Worth $120 Million

Harvard Management Company plans to sell an Australian farming portfolio worth $120 million, according to a report in the Australian Financial Review.

Harvard Management Company
University Finances

Harvard Endowment Returns 7.3 Percent for Fiscal Year 2020

Harvard Management Company returned 7.3 percent on its investments for FY 2020, bringing the value of Harvard's endowment to the largest sum in its history.

HMC Building
Central Administration

Former Japanese Government Official Pressured HMC Head In Vote On Toshiba Chief Executive’s Reappointment, per Report

The former investment chief of Japan’s state pension fund pressured Harvard Management Company Chief Executive N.P. “Narv” Narvekar in a vote over the reappointment of an embattled electronics conglomerate chief executive, the Financial Times reported Tuesday.

Harvard Management Company
Endowment

In Reversal, Harvard Will Maintain Normal Endowment Payout for Fiscal Year 2021

The Harvard Corporation — the University’s highest governing body — moved to maintain a typical endowment payout of around 5 percent for Fiscal Year 2021, Dean of the Faculty of Arts and Sciences Claudine Gay wrote in an email last week.

HMC Building
University Finances

Harvard Management Company Invests in New Biopharmaceutical Companies, Including COVID-19 Vaccine Hopeful

The Harvard Management Company added three biopharmaceutical companies — including a firm developing a coronavirus vaccine candidate — to its investment portfolio in the second quarter as the overall value of their public securities holdings dropped 28 percent.

HMC Building
University Finances

New Data Reveals Diversity Stats of Harvard's External Asset Managers

Roughly 27 percent of the external asset management firms that oversee parts of Harvard’s $40.9 billion endowment are majority-owned by women and people of color.

Joe Kennedy at Senate Forum
Endowment

In Letter to Bacow, Reps. Cleaver, Kennedy Asks HMC To Disclose Diversity of External Asset Managers

U.S. Representatives Emanuel Cleaver II (D-Mo.) and Joseph P. Kennedy III (D-Mass.) penned a letter to University President Lawrence S. Bacow requesting that Harvard disclose what percentage of its $40.9 billion endowment is managed by firms owned by people of color and women.

Harvard Management Company
University Finances

Bacow Made $570,072 during First Six Months of Presidency, Per Financial Disclosures

University President Lawrence S. Bacow made $570,072 in 2018, the first six months of his term, while former University President Drew G. Faust made $3.6 million in her final six months in office.

HMC Building
Endowment

HMC Building

The Harvard Management Company, housed in the Boston Federal Reserve building, manages Harvard's endowment and related financial holdings.

Harvard Management Company
Endowment

Harvard Management Company Public Securities Holdings Plummet in First Quarter

In the first quarter of 2020, as the novel coronavirus pandemic began to roil the global economy, the overall value of public securities held by Harvard Management Company plummeted 32 percent, from $945 million to $639 million.

Harvard Management Company
Endowment

Experts Say Harvard May Encounter ‘Pitfalls’ On its Way To A Greenhouse Gas-Neutral Endowment

Harvard pledged last month to achieve net-zero greenhouse gas emissions in its endowment by 2050. But experts say a number of intermediate steps may pose logistical and environmental challenges for the University.

Harvard Management Company
University Finances

Harvard to Issue $1.1 Billion in Bonds, Capitalizing on Low Interest Rate

Harvard will sell up to $573 million in revenue bonds through a state agency and use the proceeds to refinance outstanding debt, and sell $500 million in taxable bonds for “corporate purposes,” according to a report from Moody’s Investors Service this week.

Harvard Management Company
Race

In Letter to Bacow, Rev. Al Sharpton Calls on Harvard to Disclose Diversity Among Endowment Managers

Civil rights activist Reverend Al Sharpton called on Harvard to disclose whether it employs African American asset managers in a letter to University President Lawrence S. Bacow last month.

University Hall
University Finances

Harvard Indirectly Holds Nearly $100,000 Worth of Stocks in Tobacco Companies

The Harvard Management Company indirectly holds an estimated $98,265.08 worth of shares through exchange-traded funds which include tobacco companies, an industry Harvard divested from in 1990, according to The Crimson’s analysis of HMC’s public filings to the Federal Securities and Exchange Commission.

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