Regulation
Endowment Tax Hits Harvard’s Investment Strategy
Dean says university will refrain from making long-term commitments due to 1.4% excise tax.
Tag: Harvard
Corporate Moves
Geetanjali Gupta Named CIO of New York Public Library
Former Harvard endowment exec will manage iconic library’s $1.2 billion in assets.
Asset Allocation
Britt Harris, UTIMCO Nab Harvard’s Head of PE
Rich Hall, who left Texas Teachers’ for Harvard, returns to Texas to join UTIMCO as deputy CIO. Harris says, "There are no near term plans to alter the endowment’s basic asset allocation at this time."
Newsmakers
Harvard Endowment Revamps Investment Approach
Investment management CEO says ‘disappointing’ returns symptomatic of ‘deep structural problems.’
Harvard Management Company Eschews Fossil Fuel Investments
Head of natural resources says endowment is pausing investments in minerals, oil, and gas.