Harvard’s plan to reduce its $32 billion endowment’s reliance on illiquid assets hasn’t gone quite as planned. Bloomberg reported in November that the Harvard Management Company was looking to sell roughly $1.5 billion in private equity assets. But Harvard only unloaded a portion of those holdings on the secondary market — where previously established commitments »
Princeton University has become the fourth Ivy League school to refrain from making additional investments in HEI Hotels & Resorts. The decision, which the Daily Princetonian confirmed with Princeton Investment Company President Andrew Golden on Wednesday, follows Yale’s announcement last fall that the University will not invest in a fourth fund by the company. The »
It’s official: this year’s Senior Class Gift campaign broke last year’s record. When the campaign ended last night at midnight, 97.3 percent of current seniors had contributed to the gift, topping last year’s total by just 0.3 percent. Courtney Fukuda ’12, who co-chaired the campaign with Joey Mensah ’12, said they learned they broke the »
Local students attending some of Connecticut’s top colleges, including Yale, may lose access to state scholarship funding as part a proposal from Gov. Dannel Malloy. Malloy, who testified before the General Assembly’s Education Committee on Tuesday, is seeking to cut $6.7 million in funding from the Connecticut Independent College Student Grant program (CICS), which provides »
As this year’s Senior Class Gift campaign nears its end, organizers say they’re on track to beat last year’s record of 97 percent participation. Last Thursday, Kevin Ryan ’85, the CEO of shopping website Gilt Groupe, sponsored a 24-hour challenge in which he pledged funds if the class of 2012 could reach certain participation benchmarks. »