Monday, August 16, 2010

Harvard University Fund Sells 100% of Its Israel Holdings

This news clip came across my screen today and it caught my attention. Is there a reason for this massive sell-off? The article says "no," but does Harvard know something a potential Middle East conflict involving Israel that the rest of us don't know?

In another blow to Israeli shares, the Harvard Management Company notified the US Securities and Exchange Commission (SEC) on Friday that it had sold all its holdings in Israeli companies during the second quarter of 2010. No reason for the sale was mentioned. The Harvard Management Company manages Harvard University's endowment.

Source: Globes

No comments: