Word: hmc
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None of the senior gift money is invested directly by the management company, but Terry said that donation to the Senior Gift Plus campaign will send a symbolic message to the Harvard Management Company (HMC), which invests Harvard’s endowment...
...Meyer would not comment yesterday on the details of his plans in the private sector. “I’m not going to go there,” he said. “I’m totally focused on HMC...
...suppose what it came down to,” Meyer explains, “is that there are many activities at HMC that the outside world is very interested in. And really, the only people who can talk about those things are HMC employees...
Although students and professors may find these investments unconscionable, the HMC will defend its holdings with companies active in Sudan and other terrorist-sponsoring states in three ways. First, they will claim that divesting will hurt financial returns for Harvard’s endowment, which will limit academic enrichment opportunities for the community. Next they may respond that Harvard’s endowment should not be used as a political tool. Or, as HMC president Jack Meyer told the Crimson last week, divesting from companies may hurt job prospects for Sudanese civilians...
However the HMC intends to rationalize investments, Harvard has already twice divested South African holdings in the 1980s and tobacco companies in the 1990s. One would think that divesting from companies operating in genocidal and terrorist sponsoring states is of more immediate concern than previous divestment campaigns...