Thursday, February 12, 2009

Harvard Sells Off Many U.S. Stocks

From the New York Times' DealBook blog:

Harvard University’s endowment cut 67 percent of its holdings in United States stocks in the fourth quarter, amid big losses in equity markets.

Harvard Management Company, which oversees the school’s $28.8 billion fund, sold its holdings in 117 publicly listed stocks in the quarter, leaving it with 57, according to a filing with the U.S. Securities and Exchange Commission....

...Go to Article from Bloomberg News »
Go to Article from The Wall Street Journal »
Go to S.E.C. Filing from Harvard Management Co. »