Who manages Harvard's endowment?

Harvard Management Company (HMC)—a nonprofit, wholly owned subsidiary of Harvard University—has managed the University’s endowment portfolio since 1974. HMC has a singular mission of producing strong investment results to support the educational and research goals of the University. Governed by a board of directors appointed by the President and Fellows of Harvard College, HMC works to manage the endowment in a sustainable way so that it can provide capital to support the long-term goals of the University.