[citation needed] HMC is headed by a professional, who holds the titles of president and chief executive officer of the company.

A source for the report said that some of the positions in the endowment which had to be liquidated were in hedge funds run by Meyer's Convexity Capital and Seth Klarman's Baupost Group.

[12] Marc Seidner joined HMC as vice president for domestic fixed income in an effort to revamp the company's bond division in 2006.

[14] In January 2017, Narvekar announced the company would be laying off about half of the 230-employee staff by outsourcing some positions and closing all its internally managed hedge funds by the end of the 2017 fiscal year.

These holdings have since faced significant legal challenge as many were acquired corruptly during Romania's post-Communist restitution process.

[22] In September 2021, after years of pressure from student and outside groups, Harvard announced that it will stop investments in fossil fuels.

[23] The university's public announcement cited "the need to decarbonize the economy and our responsibility as fiduciaries" in explaining its decision.

[24] Climate activists on campus had waged a multi-year campaign for full divestment, including bringing lawsuits, storming the field of the 2019 Harvard-Yale football game, organizing on-campus protests, and other strategies.