Outgoing Harvard overseer raises concerns over ‘opaque’ investments

Screenshot of Youtube video of Kat Taylor, co-CEO of Beneficial State Bank, speaking to [email protected], the online business publication of The Wharton School, in December 2016.
  • Assets under management: $37.1 billion endowment managed by Harvard Management Co
  • Target allocation to PE/VC: 20% as of September 2016
  • What’s new: Kathryn Taylor resigned one day before the end of her six-year term on Harvard University’s Board of Overseers claiming Harvard’s endowment has failed to adopt ethical investment standards.
Kathryn “Kat” Taylor, in her resignation letter from Harvard University’s Board of Overseers, claimed the university’s $37 billion endowment had no idea what kind of impact its investments were having on the world because they were increasingly held in “opaque funds.” Taylor resigned ...

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