Word: staking
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...Crimson reported late last night that Harvard—through a fund managed by the British bank Barclays—owns a stake in the two firms worth well over $6 million. Now it appears that a second exchange-traded fund managed by Barclays gives Harvard an additional $9.4 million stake in the companies...
Harvard maintains that stake despite its April 2005 announcement that “the unique pattern of circumstances relating PetroChina to the crisis in Sudan counsels in favor of taking the extraordinary step of divestment...
Because Harvard owns the PetroChina and Sinopec shares through index funds, the University can only divest from the companies by selling off its entire stake in each of the two iShares entities...
Another member of the Petrodar partnership is the Malaysian oil firm Petronas. Harvard indirectly owns an estimated $402,000 stake in Petronas via another arrangement with Barclays, the MSCI Malaysia Index Fund...
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...