Harvard Management Co
Harvard College is exploring ways to limit spending in preparation for a future fiscal downturn more than ten years after the 2008 financial crisis hit the University, College Dean for Administration Sheila C. Thimba said in an April 30 interview.
Harvard Management Company Chief Compliance Officer Kathryn I. Murtagh spoke about Harvard's investment policies Monday at a panel that also featured students and faculty calling for the University to divest from companies with ties to the prison and fossil fuel industry.
The great nephew of former University President Abbott Lawrence Lowell, Putnam created the Harvard Management Company — the firm that oversees the University’s multi-billion dollar endowment — and served as its first leader, which greatly influenced how universities manage their endowments.
New Harvard Management Company Website Removes Divestment Information, Defends Natural Resources Holdings
Harvard Management Company updated its website within the last month to remove any mention of past instances of divestment and to include references to its protocols on its investment in land and agriculture.
Among some of the corporations that have expanded into the region in recent years is an unlikely investor — the Harvard Management Company. HMC, the University’s investment arm, oversees Harvard’s nearly $40 billion endowment.
More than 100 Harvard affiliates gathered outside of Massachusetts Hall Friday to deliver a petition to University President Lawrence S. Bacow urging Harvard to disclose and divest its holdings in companies tied to the prison industry.
Harvard Management Company, the University’s investment arm, invests more heavily in technology companies than the other four largest university endowments in the country, according to the most recent U.S. Securities and Exchange Commission filings.
Two divestment activist groups organized on Harvard’s campus last week, calling for ends to the University's farmland holdings and companies connected to the U.S. prison system.
Amid Harvard’s dismissal of calls for fossil fuel divestment, Harvard Management Company — the group that oversees the University’s $39.2 billion endowment — has been one of the lead investors in a methane emissions reduction working group started in 2017.
Continuing a years-long effort, an online petition calling on Harvard to divest its holdings in the fossil fuel industry had garnered 150 signatures as of Tuesday evening.
Harvard Management Company announced Sanjeev Daga will take the helm over the University’s $39.2 billion endowment as the firm’s chief operating officer.
The group wants to sever Harvard's "financial ties to the prison-industrial complex by advocating for... total divestment from all corporations whose existence depends on the capture, caging, and control of human beings."
After Harvard's endowment saw the second-worst rate of return on investment in the Ivy League, HMC CEO N.P. “Narv” Narvekar said in the latest annual financial report that he is "not pleased" with the past year's returns.