Harvard Management Company

HMC at 40

Investment Management

A Pioneer in Endowment Management

Focusing on long-term results

World-class Investment Management - Integrating investment strategy and risk management

There are three core elements to our investment approach: our Policy Portfolio, our hybrid model of investing, and vigilant risk management.

  • The Policy Portfolio represents our best thinking about the optimal long-term mix for Harvard’s endowment assets. It serves as a reference portfolio in allocating capital across markets and among asset classes in a mix that is judged to be most appropriate for Harvard University, from both the perspective of potential return and risk over the long term.
  • Employing a hybrid model of investment, we manage money both on an internal trading platform, as well as through investment arrangements with third party managers. This combination of top-quality internal talent and access to cutting edge capabilities from specialized teams around the world provides depth and breadth to our market perspectives.
  • At HMC, risk management is a critical and continuously evolving component of our investment process. Multiple and dynamic views of risk are integrated into the fabric of our management strategy.
image
"Our internal investment expertise in fixed income, foreign exchange, and equity markets provides flexibility to the portfolio and informs the investment debate within the endowment and the University." Stephen Blyth
Head of Public Markets