Word: stockely
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Harvard’s investments in two Chinese oil firms accused of financing the genocide in Sudan now total an estimated $16 million, The Crimson’s continuing investigation of the University’s stock holdings has found...
...investments in PetroChina and Sinopec are held indirectly through a mutual fund managed by the British bank Barclays. Through that arrangement, Harvard owns an estimated $6.6 million in stock in the oil companies...
Harvard has no control over the iShares fund’s investments. The fund allocates assets according to a formula developed by a joint venture of the Financial Times, the London Stock Exchange, and the Chinese news agency Xinhua...
...petition had garnered about 1,000 signatures by the following April, when Harvard bowed to divestment demands and sold its PetroChina stock. All seven other Ivy League schools subsequently announced divestitures from Sudan-related stocks...
Read The Crimson's initial report on Harvard's PetroChina ties: Endowment Tied to Sudan; University bought stock in oil firm that activists say helped fuel genocide...