investments

Harvard Says It's Not Divesting From Israel

08/17/2010

(JTA) — Harvard University said the sale of some of its investments in Israel was not politically motivated and it is not divesting from Israel.

Harvard spokesman John Longbrake told Foreign Policy that the university sold $39 million in stocks in five Israeli companies because Israeli stocks could no longer be considered part of the emerging markets portfolio, where they previously had been held.

The Harvard Divestment Scare

08/17/2010

At first it appeared that a pro-Palestinian group had succeeded in convincing another American university to end investments in Israel. And it wasn’t just any university. It was Harvard, no less.

The Israeli business publication Globes reported Friday that Harvard had notified the Security and Exchange Commission that it had sold its nearly $38.7 million investment in five Israeli companies and that it offered no explanation for the move.

Harvard University officials were quick to dismiss claims they divested from Israel, claiming a simple portfolio rebalance.

Harvard says it’s not divesting from Israel

08/17/2010

WASHINGTON (JTA) - Harvard University said the sale of some of its investments in Israel was not politically motivated and it is not divesting from Israel.

Harvard spokesman John Longbrake told Foreign Policy that the university sold $39 million in stocks in five Israeli companies because Israeli stocks could no longer be considered part of the emerging markets portfolio, where they previously had been held.

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