Word: hmc
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Dates: during 2000-2009
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...equally pressing need for freedom in Harvard’s financial dealings. Divestment proponents, led by the United Front for Divestment (UFD), should feel pleased and vindicated by the decision. But their recent calls for further divestment and greater transparency in the dealings of the Harvard Management Company (HMC), which manages the University’s endowment, are misguided and counterproductive...
...Marcus G. Miller ’08, the students went to open dining halls to gather support for their 10:30 a.m. protest on Widener steps today, the day that Harvard’s Corporation Committee on Shareholder Responsibility, a three-member board of the Harvard Management Company (HMC), is scheduled to discuss HMC’s investment in Petrochina, which may be tied to the ongoing genocide in Sudan...
While examining possible candidates for the new president, it is important to recognize the role of fund managers as well. Presently, 55 percent of the endowment is invested by HMC and external money managers invest 45 percent. As the steering committee and President Summers consider their options, perhaps they can include more women and people of color as fund managers for Harvard as well. In addition to promoting diversity, members of these groups offer unique and important backgrounds that can be valuable in making investment decisions...
...qualified women and people of color. Harvard alumni such as Carla Harris ’84 (who was the second black woman to become managing director at Morgan Stanley) and Pamela Thomas Graham ’85, who was recently named chairman of CNBC, should be considered for the HMC or fund manager positions. Former chairman of Harvard Business School’s MBA program James Cash and assistant HBS professor of finance Luis M. Viceria would also make good candidates. Placing one of these individuals in a position of power will help foster an environment that is more welcoming...
...Harvard via the formation of the task forces, these initiatives are insufficient because they do not address racial or ethnic disparities. There is more work to be done. By including ethnic diversity in the goals of the task forces and by advocating for increased female and minority participation in HMC, President Summers will send a valuable message to the world about the importance of building a qualified and representative community. If Summers wants to instill confidence in female and minority students and faculty, significant investment in diversity is the first step...