Harvard Management Co
University Leaders To Meet With Student Advocates About Divestment
University leaders will sit down with student advocates of fossil fuel divestment and explore the possibility of creating a social choice fund, senior University officials told The Crimson this week.
As Other Colleges Discuss Divestment, Harvard Stays Mum
While a number of colleges have expressed enthusiasm at the overwhelming Harvard student support for the divestment of the University’s endowment from the fossil fuel industry, many student leaders also voiced concern at the Harvard administration’s silence on the issue.
University 'Not Considering' Divestment
A week after about 2,600 undergraduates voted in support of a referendum calling for Harvard to divest its endowment from the fossil fuel industry, a Harvard spokesperson said on Wednesday that the University has no plans to adjust its investment portfolio in response to the student plebiscite.
University's Annual Report Shows Rise in Deficit, Decrease in Total Debt
Harvard sustained a small deficit of $4.5 million in the last fiscal year resulting from a 3 percent increase in University operating costs, according to the annual University Financial Report released Friday morning.
Harvard's Negative Return Part of Broader Trend, Experts Say
A negative return on an investment is likely to cause anxiety for investors concerned about the long-term viability of their assets. For this reason, Harvard’s announcement of a negative 0.05 return on its investments attracted media attention across the globe.
Harvard's Endowment Dips Slightly
Harvard’s endowment dipped in value for the first time since the 2009 fiscal year, its investments dropping 0.05 percent and the overall level of endowment funds dropping to $30.7 billion in the 2012 fiscal year.
Group Calls for Greener Fund
This fall student activists launched the Harvard chapter of Divest for Our Future, a campaign intended to pressure Harvard Management Company, the body that oversees Harvard’s endowment, to divest from any companies involved in the fossil fuel industry and to move its investments into socially and environmentally responsible funds.
Faust Earned More Than $875,000 in 2010
Jane L. Mendillo, president and CEO of HMC, earned $3.5 million. HMC Managing Director and Head of External Management Andrew G. Wiltshire received $5.5 million, making him the highest-paid official at HMC in 2010.
UC Votes to Endorse the Fair Harvard Fund
The Undergraduate Council votes to endorse the Fair Harvard Fund, an initiative that aims to establish a Social Choice Fund to assure that alumni donations go to investments approved by environmental, social, and governmental criteria.
Harvard Professors Discuss University Investments
Harvard professors discussed the challenges of maximizing returns on the University’s investments while simultaneously integrating environmental, social, and governance considerations at a panel hosted by the Undergraduate Council yesterday.
SLAM Celebrates University Decision Not To Reinvest in HEI
The Student Labor Action Movement held a celebration Tuesday afternoon in response to Harvard’s recent decision not to reinvest in HEI Hotels & Resorts, a hotel chain that has come under fire for repeated allegations of failure to comply with labor regulations.
Harvard Will Not Reinvest in HEI Hotels & Resorts
Harvard Management Company has chosen not to reinvest in funds managed by HEI Hotels & Resorts, according to an email sent by HMC President and CEO Jane L. Mendillo to University President Drew G. Faust.
Deconstructing the Harvard Brand
The Harvard brand can be viewed as a blend of “enduring,” “legacy,” and “emerging” attributes, reflecting some qualities which are at odds with what the University experience has become for many students.
Harvard U.S. Equities See 14 Percent Rise in Value
The value of Harvard’s U.S.-traded equities rose by 14 percent in the first quarter of fiscal year 2012 as U.S. markets continue to recover from the financial crisis, according to the University’s filings with the Securities and Exchange Commission Friday.
