Harvard Management Co
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 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.
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 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.
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 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 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.
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 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, 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.
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 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.
Stop Harvard Land Grabs Coalition Demands Reparations for Former Harvard Farmland Purchases in Brazil
The Stop Harvard Land Grabs Coalition reiterated calls for the University to provide reparations to residents impacted by former holdings in Brazilian farmlands at an annual hybrid panel Wednesday.
Harvard Endowment Value Falls For Second Consecutive Year, Records Modest 2.9% Return During FY2023
The value of Harvard’s endowment fell for the second consecutive year, despite delivering a 2.9 percent return for fiscal year 2023, as distributions to school operations outpaced investment gains and new contributions.
Santa Barbara Board Upholds Rejection of Reservoir Construction Project on Former HMC Holdings
The Santa Barbara County Board of Supervisors voted on Tuesday to uphold an earlier county decision that rejected a project to construct three water storage reservoirs on former Harvard University land holdings in central California.
