Harvard Management Company

HMC at 40

New at HMC

Drew Faust on Financing
Higher Education

Bloomberg TV | June 2014

Harvard University President Drew Faust sat down for a TV interview with Bloomberg while attending the Aspen Ideas Festival. In the interview, President Faust discusses the evolution of higher education and the growing importance of the endowment in supporting the University’s work.

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HMC’s 40th Anniversary:
Message from the CEO

HMC | June 2014

In March 1974, the Harvard Corporation embarked on a bold experiment, establishing a dedicated investment management organization serving a single client: Harvard University. This spring, HMC turned 40 years old, and whether we view that as a birthday or an anniversary, it marks an opportunity to reflect on who we are, how we got here, and where we’re headed as an organization.

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Jane Mendillo Announces Intention to Depart Harvard Management Company at Calendar Year End

HMC | June 2014

Jane Mendillo announced that she plans to step down from her role as president and chief executive officer of Harvard Management Company at the end of calendar 2014. Mendillo successfully led HMC through the financial crisis, repositioned key elements of the portfolio, built a strong team of investment professionals and delivered strong returns for the University.

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The View from Institutional Investors: Where Will Returns Come From?

Milken Institute | April 2014

Last year saw huge gains in the equity markets, yet very few institutional investors outperformed the indexes. How do these funds meet their long-term liabilities when so many companies are focused on the short term? Jane Mendillo, President and CEO of HMC, joined top-tier institutional managers at the Milken Institute Global Conference to discuss the endowment’s path to outperformance and how HMC is navigating the complex investment environment, from low returns in fixed income to oversaturation in "less risky" investments and how geopolitical events are affecting investment decisions.

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Q&A with Jameela Pedicini

Harvard Gazette | April 2014

Jameela Pedicini is Harvard Management Company's first Vice President for Sustainable Investing. Working closely with Harvard President Drew Faust and President and CEO of HMC Jane Mendillo, Pedicini was instrumental in the University’s recent decision to sign the United Nations-supported Principles for Responsible Investment (PRI). She spoke with the Gazette about her charge to help the University think in more nuanced ways about environmental, social, and governance (ESG) factors in investing.

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Harvard to Sign on to United Nations-supported Principles for Responsible Investment

HMC | April 2014

Harvard announced its decision to sign on to the United Nations-supported Principles for Responsible Investment, becoming the first university endowment in the United States to join the organization. The PRI is recognized as the leading global network for investors who are committed to integrating environmental, social and governance considerations into their investment practices and ownership policies. HMC will implement the principles in its management of the University’s endowment and related financial assets.

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Harvard Management Company’s Argentine Timberland Plantations Receive FSC® Certification

HMC | April 2014

HMC's timberland plantations, EVASA and Las Misiones, located in Northern Argentina, have obtained Forest Stewardship Council® certification. The certifications were awarded by the Rainforest Alliance, an independent third-party accredited to certify companies to FSC's international standards. The certifications verify continued adherence to FSC's standards in the environmental, economic and social performance of timber plantations.

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HMC Names Richard Hall Managing Director of Private Equity

HMC | March 2014

HMC has announced that Richard Hall will become its new Managing Director of Private Equity. Hall, who has significant management, private equity, and transaction experience, will play a lead role in assessing and enhancing HMC’s private equity strategy. Hall joins from the Teacher Retirement System of Texas, where he served as Managing Director and Head of Private Equity.

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Lessons Learned at Harvard

Barron’s | February 2014

Jane Mendillo has one of the most prominent jobs in the investment world. As the CEO of Harvard Management Company, she oversees the $32.7 billion Harvard endowment, the largest university endowment in the country. Mendillo came to Harvard after running the Wellesley College endowment for six years. Before that, she spent 15 years at Harvard Management. Barron’s spoke with her recently at HMC’s Boston office. She discussed stocks, bonds, and private equity, as well as the endowment’s returns and how individuals can invest like Harvard Management.

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Harvard's Post-Crisis Endowment Strategy

Advisor Perspectives | January 2014

Jane Mendillo took the helm as President and CEO of HMC in 2008. Under her leadership, HMC has emerged from the financial crisis with innovative changes in its policies and processes regarding asset allocation and risk management of alternative assets. In a recent meeting of the Boston Security Analysts Society (BSAS) on the challenges and opportunities for investors in 2014, Mendillo discussed these changes, including how her thinking evolved on the excess returns she expects from private equity, the advantage of taking a more controlled and direct approach to real estate investing, and opportunistic approaches to alternative investments.

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