This blog attempts to educate people about how our economy works and to provide updates on what is going on in the economy that may affect them (See personal story at the bottom of the page). Neither this blog nor I are investment advisors, any opinions posted on this site are my own. Please seek a professional investment advisor to fit your personal investment goals.
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Wednesday, August 18, 2010
Harvard Endowment Divests all of its Israeli Holdings
Numerous articles have come out over the past few days about how the Harvard Endowment has divested itself from Israeli holdings. Stories range from most of its holdings to all of its holdings (although more support on the side of all). Other stories report that they divested because Israel is no longer an emerging market and that is what the portfolio was investing in. Conspiracy theorists believe that it is because Israel is close to a conflict with Iran which could cause their markets to tumble. Harvard's 13-F only showed 41million dollars invested, which is only a fraction of the endowments holdings. The red flag got raised due to the speed at which a full divestiture was done. It should be very interesting to see what unfolds over the next few weeks, if anything.
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