Harvard divests from Israel - UPDATED
There's an important update to this post here.The Harvard Management Company, which manages Harvard University's endowment fund, has given notice to the Securities and Exchange Commission that it sold all of its shares in Israeli companies during the second quarter of 2010. No reason for the sales was given.
Harvard Management Company stated in its 13-F Form that it sold 483,590 shares in Teva Pharmaceutical Industries Ltd. (Nasdaq: TEVA; TASE: TEVA) for $30.5 million; 52,360 shares in NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) for $1.67 million; 102,940 shares in Check Point Software Technologies Ltd. (Nasdaq: CHKP) for $3.6 million; 32,400 shares in Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) for $1.1 million, and 80,000 Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) shares for $1.8 million.I hope they lose all their money. Is Bernie Madoff available to invest for them?
Harvard Management Company's 13-F Form shows some interesting investments. Its two largest holdings, each worth $295 million, are in iShares ETFs, one on Chinese equities, and the other on emerging markets. Harvard also owns $181 million in a Brazilian ETF.
UPDATE 9:23 AM
There's an important update to this post here.
posted by Carl in Jerusalem @ 2:32 AM
7 Comments:
Hi Carl.
perhaps because Obama and all who surround him are from Harvard?Anyone willing to follow a conspiracy theory?Or perhaps Obama told them of his plans with Israel?
No loss whatsoever: there are plenty of people who want to invest is Israel's brilliant technical advances.
Maybe Israeli universities will boycott useless Harvard libtard grads (like Osama).
I'm not holding my breath.
Probably BDS-related.
Why would Harvard want to divest from one the most stable and fast-growing economies in the world?
It makes no sense whatsoever. But its their loss.
Hello Carl...Unfortunately that’s too common nowadays that many left wing organizations (so called intellectual morons) keep doing this...on another hand I own Check Point shares I took advantage and I bought more when my recently market dropped to 6000…bought it for 17 now value of this stock is 33 dollars. Not only that I actually proud owner of their great products…they make outstanding firewalls/security appliances with security and dynamic cloud security in mind. The best thing about Check Point is their support. I own both enterprise level appliance like UTM 130 and many Sofaware security appliances. But they need to work harder in that field Cisco is their major competitor, if Check Point will slack off with their products and support, they might go under.
Hello Carl...Unfortunately that’s too common nowadays that many left wing organizations (so called intellectual morons) keep doing this...on another hand I own Check Point shares I took advantage and I bought more when my recently market dropped to 6000…bought it for 17 now value of this stock is 33 dollars. Not only that I actually proud owner of their great products…they make outstanding firewalls/security appliances with security and dynamic cloud security in mind. The best thing about Check Point is their support. I own both enterprise level appliance like UTM 130 and many Sofaware security appliances. But they need to work harder in that field Cisco is their major competitor, if Check Point will slack off with their products and support, they might go under.
Harvard did not divest.
This actually has nothing to do with Israel or BDS. It's actually a result of Israel's economic progress. The Harvard fund in question invests in emerging markets. However, Israel is now in the OECD, so Harvard shifted its money out of Israel into other, less developed, countries.
I just got confirmation from someone who knows what happened -- this actually has nothing to do with Israel or BDS. It's actually a result of Israel's economic progress. The Harvard fund in question invests in emerging markets. However, Israel is now in the OECD, so Harvard shifted its money out of Israel into other, less developed, countries.
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