Tag: Harvard Management Company
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Nation & World
Detailing endowment’s steps toward being ‘net zero’ on greenhouse gas emissions
A conversation with Michael Cappucci on Harvard Management Company’s progress towards becoming net zero in 2050.
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Nation & World
University reports jump in revenues, small decline in endowment
Chief Financial Officer Tom Hollister and Executive Vice President Meredith Weenick discuss the University’s 2022 financial report and endowment returns.
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Nation & World
Harvard president reflects on past year, and looks ahead
Harvard President Larry Bacow reflects on how the Harvard community has met the challenges posed by COVID-19, and to look ahead how the University is tackling some of the world’s most pressing problems.
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Nation & World
Steps to zero
To keep its promise to achieve net-zero greenhouse gas emissions in its portfolio by 2050, the Harvard Corporation directed Harvard Management Company to give an early assessment of where its efforts and investments stand now.
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Nation & World
Want us to invest? Or to keep our investment? Get greener
John Campbell discusses Harvard’s new plan to have its endowment reflect net-zero greenhouse-gas emissions by 2050.
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Nation & World
Harvard endowment to go greenhouse gas-neutral by 2050
In an announcement Tuesday, Harvard signaled its expanding commitment to attacking climate change with a dramatic new pledge to drastically reduce emissions in its investment portfolio so Harvard’s endowment can achieve “net-zero” emissions by 2050.
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Nation & World
Taking corporate social responsibility seriously
Outgoing Advisory Committee on Shareholder Responsibility chair Howell Jackson, the James S. Reid Jr. Professor of Law at Harvard Law School, says changing the panel’s focus to developing guidelines can help inform Harvard’s external investment managers, and other interested investors, as they vote on a broad array of shareholder resolutions.
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Nation & World
Harvard joins Climate Action 100+
Harvard University announced that its endowment has joined Climate Action 100+, an investor-led initiative to ensure that the world’s largest corporate greenhouse gas emitters take steps to address climate change.
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Nation & World
Course change for Harvard Management Company
New Harvard Management Company head N.P. Narvekar announced a major reorganization of Harvard’s endowment management arm, including investment strategy shifts, workforce cuts, fresh hires, and changes in how compensation is calculated.
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Nation & World
Endowment posts 5.8% return
Harvard University announced today that its endowment posted a 5.8 percent return and was valued at $37.6 billion, an all-time high, for the fiscal year that ended June 30.
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Nation & World
‘It’s a balancing act’
Luis Viceira, Harvard Business School professor and investment management expert, discussed the University’s endowment and its impact on Harvard, as well as the tricky balance among spending, inflation, and investment risk that fund managers wrestle with daily.
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Nation & World
Harvard continues to face ‘foundational financial pressures’
Executive Vice President Katie Lapp and Treasurer Paul Finnegan spoke with the Gazette about Harvard’s financial landscape and the ongoing financial pressure facing the University.
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Nation & World
Stephen Blyth to lead Harvard Management Company
Stephen Blyth will become the next president and chief executive officer of Harvard Management Company, Harvard University announced today.
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Nation & World
Harvard University endowment delivers 15.4% return for fiscal year 2014
Harvard University announced today that its endowment posted a 15.4 percent return and was valued at $36.4 billion for the fiscal year ended June 30, 2014. The fiscal year 2014 endowment return was 82 basis points in excess of the 14.6 percent return on the benchmark Policy Portfolio.
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Nation & World
Harvard Management Company turns 40
University and Harvard Management Company officials gathered Thursday to mark the anniversary of the latter’s founding, which made Harvard one of the first universities with a specialized organization to oversee its institutional investments.
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Nation & World
Mendillo to step down
After six years as the helm of Harvard Management Company, which oversees Harvard University’s endowment, President and Chief Executive Officer Jane Mendillo says she will step down at the end of the year.
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Nation & World
Finnegan new Harvard treasurer
Paul J. Finnegan, a member of the Harvard Corporation, will become treasurer of the University in July. He will succeed James F. Rothenberg, who will stay on as a member of the Corporation.
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Nation & World
Q&A with Jameela Pedicini
Jameela Pedicini is Harvard Management Company’s first vice president for sustainable investing. Working closely with Harvard President Drew Faust and President and CEO of HMC Jane Mendillo, Pedicini was instrumental in the University’s recent decision to sign the United Nations-supported Principles for Responsible Investment (PRI). She spoke with the Gazette about her charge to help…
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Nation & World
Fund to tackle climate change
In an effort to catalyze research into sustainable energy sources, Harvard President Drew Faust has challenged University friends and alumni to raise a $20 million Climate Change Solutions Fund and seed new approaches to confronting the threat of climate change.
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Nation & World
Harvard to sign on to United Nations-supported Principles For Responsible Investment
Harvard today announced its decision to sign on to the United Nations-supported Principles for Responsible Investment (PRI), becoming the first university endowment in the United States to join the organization. The PRI is recognized as the leading global network for investors who are committed to integrating environmental, social and governance (ESG) considerations into their investment…
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Nation & World
University faces ‘complicated choices’
Not long after the Harvard Management Company reported an 11.3 percent return for fiscal 2013, and Harvard launched a $6.5 billion capital campaign, the University’s annual financial report strikes a somber note and points to challenging times in the near future. Vice President and Chief Financial Officer Dan Shore talks about the “complicated choices” facing…
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Nation & World
Harvard University endowment earns 11.3% return for fiscal year
Harvard University announced today that its endowment posted an 11.3 percent return and was valued at $32.7 billion for the fiscal year that ended June 30, 2013.
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Nation & World
Harvard University endowment yields flat return for fiscal 2012
Harvard University announced today that its endowment posted a -0.05% return and was valued at $30.7 billion for the fiscal year that ended June 30, 2011. The fiscal year 2012 endowment return was 98 basis points in excess of the -1.03% return on the benchmark Policy Portfolio.
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Nation & World
Getting a leg up, through Year Up
Gerald Chertavian, founder and CEO of Year Up, a national program that trains urban young adults and places them in internships, visited Harvard to celebrate the achievements of seven Year Up participants who just completed the program.
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Nation & World
Q&A with Jane Mendillo
The Harvard Gazette sat down with Jane Mendillo, the president and CEO of the Harvard Management Company (HMC), to discuss the opportunities in today’s global markets.
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Nation & World
Statement from Katie Lapp, Harvard Executive Vice President, regarding HEI Hotels & Resorts
On Dec. 9, Katie Lapp, Harvard executive vice president, released a statement regarding HEI Hotels & Resorts.
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Nation & World
Harvard endowment posts big investment gain
Harvard University’s endowment earned 21.4 percent on its investments for the year ended June 30, roughly in line with the financial performance of other large funds, the school’s money managers reported yesterday.
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Nation & World
Harvard University endowment earns 21.4 percent return for fiscal year
Harvard University announced today that its endowment earned a 21.4 percent return for the fiscal year that ended June 30, 2011.