Market Moves
Harvard Exploring $1B Secondaries Market Sale
Jefferies is reportedly advising the university's endowment on a sale to Lexington Partners.
Tag: Harvard University
Asset Allocation
Harvard Assets Reach $53B With 9.6% Return, Endowment Remains World’s Largest
Harvard Management Co. CEO Narvekar attributes returns to public equities, while alternatives lagged.
Asset Allocation
Harvard Endowment Returns 2.9%, Outperforming Many Peers
Venture capital investments dragged down returns in a muted year for alternatives.
Asset Management Culture
Harvard Endowment CEO Goes from ‘Not Pleased’ to ‘Proud’
Three years into his five-year transition plan, Narv Narvekar says the ‘signs are encouraging.’
Asset Management Culture
Harvard’s Endowment Returns 7.3% for the 2020 Fiscal Year
The university cautioned the strong returns may not be enough to blunt the financial impact of the pandemic.
Asset Management Culture
Harvard Says It’s Not Planning Layoffs, But Offers Early Retirement Packages
Other cost-saving proposals at endowment champ: voluntarily reduce vacation time or work hours.
Asset Management Culture
Harvard Forecasts Big COVID-19-Related Losses and Enters Cost-Saving Mode
University projects a $750 million revenue shortfall in FY21 in light of the economic fallout of the coronavirus.
Asset Management Culture
Too Rich to Need It? Top Colleges Back Away from US Virus Money
Harvard, Penn, Yale act after Trump administration says subsidies should go to less wealthy institutions.
Regulation
Stanford University Owes $43 Million Endowment Tax Bill
The university said it is actively working to repeal or limit the 1.4% tax on returns.
Asset Allocation
Harvard Faculty Divestment Vote Unlikely to Sway Endowment
The university’s management firm has resisted pressure to divest its $41 billion portfolio from fossil fuels.
Newsmakers
Harvard Endowment Returns ‘Disappointing’ 8.1% in 2017
CEO says portfolio has ‘deep structural problems.’