Word: hmc
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...Harvard’s endowment is spread out among hundreds of companies, thousands of acres of real estate and dozens of start-ups. The list of companies that HMC invests in runs the gamut from 160 shares of Martha Stewart Living to 877,000 shares of Exxon Mobil, HMC filings show...
...Meyer says that he’s quite happy with the performance of HMC’s outside managers but that HMC could pull out of these investments at any time, should the University “lose confidence in their ability to add value...
...last two years, HMC has benefited from unprecedented returns in venture capital—which is largely responsible for last year’s $4.8 billion endowment increase last year. HMC’s investments in venture capital returned 413 percent last year, Meyer says...
...HMC is given great freedom to invest the University’s endowment. But it is a freedom that does not come without caveat. Harvard’s investments in companies like Avenue Entertainment and various tobacco companies have drawn widespread attention to the ethics of HMC’s investments...
...Legal jargon aside, HMC has had to weigh its financial interests against its moral obligation to represent Harvard in the public...