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Harvard Management Co

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.

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.

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.

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.

Federal Reserve Bank of Boston - HMC Office
University Finances

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.

HMC Building
Endowment

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.

HMC Building
Central Administration

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.

HMC Building
Central Administration

Harvard’s Endowment Could Deliver Poor Returns for the Second Year in a Row

One year after Harvard’s endowment reported a $2.3 billion drop in value — its first year of negative returns since 2016 — financial experts say the school could be headed towards a second straight year of poor investment results.

HMC Building
University Finances

Harvard Experiences 18% Jump in Direct Public Portfolio Value in Q1 2023

The value of Harvard Management Company’s direct public investments increased by 18 percent during the first quarter of 2023 as key tech stocks in its portfolio rallied.

Lawrence S. Bacow
Central Administration

Outgoing Harvard President Lawrence Bacow Earned $1.3 Million in 2021, Financial Disclosures Show

Harvard University President Lawrence S. Bacow earned more than $1.3 million in calendar year 2021, a pay increase from the $1.1 million he made in 2020.

HMC Brazil Cover Image
Scrutiny

Assets to Axes: How Harvard’s Land Investments Inspired Fear in Brazil’s Cerrado

Although the full extent of HMC’s former landholdings remain concealed behind a complex web of private equity firms, associated subsidiary companies and investment partners, what is clear is that HMC’s purchases contributed to a climate of anxiety, fear, and strain on Brazilian subsistence farmers.

HMC Building
Harvard Management Co

Commission Votes Against Reservoir Project on Formerly University-Owned Land After Harvard Affiliate Criticism

Several Harvard affiliates attended a Wednesday meeting of the Santa Barbara County Planning Commission to denounce a proposed project that would construct three water storage reservoirs on land in central California in which the University holds investments.

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