Endowment
Mendillo’s HMC
HMC has repositioned itself to take more responsibility for guaranteeing the University’s budgetary needs, and has abandoned its image as a one-client hedge fund.
FAS Hopes For Increased Endowment Funding
Senior administrators in the Faculty of Arts and Sciences have provided loose guidelines to departments for long-term financial planning that foresee a growth in the distribution from the University endowment to pre-2008 nominal levels by 2018.
New Manager Joins Harvard Management Company
Rene Canezin will join the Internal Investment team of the Harvard Management Company as managing director of its portfolio management team, the University announced yesterday.
Harvard Expands Stock Investments
Harvard University added to its directly held U.S. traded securities last quarter—helping fuel a 7-percent increase in the value of those assets to $1.54 billion—and the University made sizable new investments in its already large emerging markets portfolio.
Smith to Present FAS Fiscal Report
Faculty of Arts and Sciences Dean Michael D. Smith may offer sunny news in his report on the school’s finances over the past year.
Ivy Endowments Turn Upward
On the heels of an abysmal year for money managers in 2009, university endowment results released in recent weeks show strong investment returns for the year ending June 30, 2010, although different forms of asset allocation have led to significant variations in performance between different schools.
Harvard Real Estate Deal with Chinese Fund Collapses
Harvard University will not sell a portion of its real estate holdings to China’s sovereign wealth fund after efforts to broker a deal collapsed, according to a person familiar with the situation. Media reports estimated that the deal would have been worth several hundred million dollars.
Harvard Endowment's Real Estate Sale to China Falls Through
Harvard University will not sell a portion of its real estate holdings to China's sovereign wealth fund after efforts to broker a deal with the $300 billion fund broke down, according to a report in Bloomberg this afternoon.
Harvard Endowment Jumps 11 Percent to $27 Billion
Harvard’s endowment grew to $27.4 billion in the fiscal year that ended June 30, 2010, an 11 percent investment return that comes a year after it plummeted in value by 27.3 percent to $26 billion.
Harvard Cuts Endowment's Stock Holdings in First Quarter of 2010
Harvard reduced its stock holdings by 35 percent during the first quarter of 2010, even as the Dow Jones Industrial Average rose about 4 percent over the same period.
Harvard Suffered Losses on Real Estate Trades with Goldman Sachs
Harvard University participated in derivatives trades with Goldman Sachs in 2007 that exposed the University to losses as the real estate market collapsed, according to e-mails released by a Senate committee yesterday.
Endowment: Kennedy School of Government
The Harvard Kennedy School received a $5 million gift from Glenn Dubin, co-founder and CEO of Highbridge Capital Management. This gift will be used to launch a graduate fellowship fund.
Gifts to Major Colleges Decline
Donations to American colleges and universities fell nearly 12 percent during the fiscal year ending last June, the steepest decline in fundraising since the mid-1970s and a direct result of the recent recession, according to a report released by the Council for Aid to Education yesterday.
