Word: petrochina
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Interim President Derek C. Bok wrote in an e-mail yesterday: "I haven’t any knowledge at all about PetroChina or any dealings with it by the University, past or present...
Even at its present size, Harvard’s estimated investment in the iShares China fund accounts for just 0.18 percent of the University's $29.2 billion endowment, and the stakes in PetroChina and Sinopec compose just 0.02 percent of Harvard's total wealth...
...Friday, the fund had invested 8.4 percent of its assets in PetroChina. If Harvard has kept its shares in the fund, the University’s holdings in PetroChina would now total $4.4 million...
...University first bought a stake in the iShares fund in the first three months of 2005, just before the school publicly announced its decision to divest from PetroChina, according to an examination of past filings with the federal Securities and Exchange Commission...
Harvard’s ties to the Sudanese government first gained attention in October 2004, when The Crimson reported that the University held an estimated $3.9 million stake in PetroChina...