Talk:Harvard Management Company
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A lot of misleading and wrong information on this page.
- There is no "Harvard University Endowment Fund." Harvard's endowment consists of about 11,000 individual funds. Not all of them are directly managed by HMC.
- "which enables Harvard to invest in a wide variety of traditional to unconventional stocks and bonds" - absolutely no evidence for "unconventional stocks and bonds" anywhere.
- "which come from donations made by its alumni" - Wrong. Contributions to funds that make up the endowment come from a wide array of sources, not just alumni.
- "The annualized endowment return during his 15 year tenure was 21%" - again, completely wrong, as Wolvve85 pointed out below. The endowment growth includes investment returns and new contributions, as well as payouts from the endowment.
Current endowment = Last year's endowment + Investment returns + New contributions - Payouts
HMC is responsible only for the "Investment returns" part of the equation. There is no way you can figure out what that is just by looking at the endowment size each year.
http://www.hno.harvard.edu/guide/finance/index.html
http://www.news.harvard.edu/gazette/2007/08.23/99-endowment.html
To the user below: http://www.hmc.harvard.edu
- RonnyO75
Has anybody first hand information on the HMC? I haven t find it on the internet. So if somebody could past their address, I would be very grateful.
The annualized endowment return during his 15 year tenure was 21 % All university endowments change due to: gifts, disbursements, income (interim payments plus capital gains, or total return). While it may be true that the endowment grew at 21% per annum (in fact the figures cited indicate an annual exponential (as these things are typically measured) rate of 11.23751%), the change cited doesn't differentiate between earnings (management skill), and gifts/disbursements. Thus the return cited isn't really return, but, rather, is growth. In short, no investment professional would use the term return in this context. Wolvve85 18:02, 3 December 2006 (UTC)
hmc.harvard.edu —Preceding unsigned comment added by Akoticha (talk • contribs) 14:46, 1 October 2007 (UTC)
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BetacommandBot (talk) 23:45, 13 February 2008 (UTC)
