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 Diversifies into Dairy

A recent move almost certainly increased the University’s holdings in powdered milk.

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's Second Quarter Equity Holdings Reduced 18 Percent

Harvard’s equity holdings were reduced 18.8 percent this past quarter amid a 10.6-percent fall in the Dow Jones Industrial Average during the same period and increased exposure to emerging markets.

HMC Considers Selling Real Estate Investments to Chinese Sov. Wealth Fund

Harvard Management Company is exploring options for unloading several of its real estate investments to China's $300 billion sovereign wealth fund, a move that could represent a significant change from an investment strategy that had stressed diversity of holdings before the recession struck.

HMC Endowment Manager Leaves Harvard, Joins Gates Foundation

Harvard Management Company endowment manager Stanley Zuzic has left the University to take a position with the money management arm of the Bill and Melinda Gates Foundation.

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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.

HMC Bond Trader Departs

HMC bond trader leaves Harvard for another Boston-based investment firm.

IRS To Audit Harvard as Part of Non-Profit Probe

Harvard will be audited by the Internal Revenue Service as part of the government's efforts to review practices at non-profit organizations that take advantage of tax exemptions.