Tag: Harvard University

Asset Management Culture October 26, 2020

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 September 30, 2020

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 June 11, 2020

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 May 6, 2020

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 April 27, 2020

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 February 19, 2020

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 February 12, 2020

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 September 20, 2017

Harvard Endowment Returns ‘Disappointing’ 8.1% in 2017

CEO says portfolio has ‘deep structural problems.’