Former Harvard Management Company CEO Stephen Blyth received $14.9m in 2015, according to a tax filing. Bloomberg reported that Blyth, who left in May 2016, and five other top investment officials at the Ivy League school made more than $50m total for the year.
Under its new leadership, the nation’s largest higher education endowment disclosed its biggest publicly traded holding is a high-yield bond exchange-traded fund, the news agency also found. Harvard Management held 9.6 million shares of iShares iBoxx Yield Corporate Bond ETF valued at $841m in the first quarter.
The 25 hedge fund managers who earned the most money last year made a combined $11bn, the lowest total since 2005, according to Institutional Investor’s Alpha.
The $2bn Knight Foundation has upped its investments with women or minority-owned money managers to $472m from $7m in 2010, Fast Company writes. The Miami-based organization is attempting to raise awareness towards the industry’s discrimination towards these groups and said the practice also can cost investors money.
The Michael & Susan Dell Foundation announced founder Michael Dell committed an additional $1bn to the nonprofit’s endowment, Forbes reported. The Texas-based foundation will use the capital toward the financial support of causes such as social entrepreneurship in India, college success for low-income students in the U.S. and South Africa, and data-driven education across the regions.