The Harvard Crimson THE UNIVERSITY DAILY, EST. 1873 | VOLUME CXLV, NO. 114 | CAMBRIDGE, MASSACHUSETTS | THURSDAY. NOVEMBER 1, 2018
EDITORIAL PAGE 4
NEWS PAGE 5
SPORTS PAGE 6
Harvard should be more open about its ties to Saudi Arabian royal family.
Health Services starts mental health initiative for Asian-American women.
Harvard football will face Columbia this weekend.
HMC Mum On Law Library Publishes Case Law Employee Count By LAURA C. ESPINOZA and KATHERINE S. LI
CONTRIBUTING STAFF WRITERS
By ELI W. BURNES and ANDREW J. ZUCKER CRIMSON STAFF WRITERS
In many ways, Harvard Management Company, the firm that oversees the University’s multi-billion dollar endowment, is a black box. On its number of employees, HMC is characteristically silent. N.P. “Narv” Narvekar, who took over as HMC’s CEO in Dec. 2016, wrote in a Jan. 2017 letter to Harvard affiliates that he would halve HMC’s 230-person staff by the end of calendar year 2017. Since the letter, Narvekar has not commented publicly on the size of the company’s personnel. The CEO released a message on the status of Harvard’s endowment in last week’s University Financial Report — and the report did not provide a new employee figure. HMC spokesperson Patrick S. McKiernan declined to comment last week on the number of people HMC employees. The planned reduction in staff was part of Narvekar’s shift from HMC’s previously large in-house operation toward external management. As part of this transition, HMC spun off several internal investment teams. In 2017, Bloomberg reported that Harvard would invest at least $300 million in a hedge fund formed by former HMC managers, and in February of this year, HMC’s 22-person real estate team joined private equity firm Bain Capital. In last week’s financial report, Narvekar wrote that the natural resources team is the only in-house investment team that remains. Harvard’s investments are now primarily overseen by a “Generalist Team,” a new group of employees who “take ownership of the entire
portfolio, regardless of asset class,” according to job posting on HMC’s website. The team is part of the endowment’s shift to a ‘generalist’ model in which asset managers focus on the entire portfolio, not just a specific asset class. “The HMC Generalist Team was officially formed just prior to the start of fiscal year 2018 and has, therefore, been functioning for over a year. While some team members have been trained as generalists, others bring deep specialist experience,” Narvekar wrote in the financial report. The company’s website only lists HMC’s top three administrators — Narvekar, Chief Investment Officer Rick Slocum, and Chief Operating Officer Bob Ettl — under the heading “Leadership.” Harvard’s peers, though, take a markedly different approach; all of the other Ivy League endowment offices list their staff members on their websites. LinkedIn estimates the size of HMC as between 201 and 500 employees, a range determined by the administrator of HMC’s LinkedIn page. It is unclear when the page was last updated. With little information about the people involved in stewarding Harvard’s $39.2 billion endowment, experts are left to speculate about the extent of Narvekar’s personnel changes. Charles A. Skorina, the head of a finance executive search firm, put the number of employees at “around 120.” “The last time I heard it was around 120. That was at least nine months ago,” Skorina said. In his first letter to Harvard affiliates, Narvekar wrote that
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The Library Innovation Lab at Harvard Law School published a full collection of United States court cases dating from 1658 to 2018 on Monday as part of a years-long project to make case law more accessible. The initiative, dubbed the Caselaw Access Project, digitized more than 40 million pages of U.S. state, federal, and ter-
ritorial case law documents from the Law School library. Though basic information for all cases in the database is now publicly accessible, users are limited to five hundred full case texts per day. Harvard affiliates currently have unlimited access to all case texts. Adam Ziegler, who directed the project, said his team worked on the Caselaw Access Project for more than six years. “It started with the simple observation that there was
a real need for ready access to court opinions,” Ziegler said. The project was funded partly through a partnership with Ravel, a legal research and analytics startup founded by two Stanford Law School students. Ravel earned “some commercial rights” through March 2024 to charge for greater access to files, according to Ziegler. The company, however, has not publicly stated whether they plan to do so.
Representatives from Ravel did not respond to requests for comment. Several Law School faculty members expressed their optimism about the project and its potential. Law School Professor I. Glenn Cohen called the project “a game changer,” and Law School Professor Christopher T. Bavitz said the initiative will bring about “enormous
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Students Cheer Red Sox Victory By BRIDGER J. GORDON and ELIZABETH X. GUO CONTRIBUTING STAFF WRITERS
Boston Red Sox fans gleefully celebrate the team’s World Series Win. GRIFFIN R. ANDRES—CRIMSON PHOTOGRAPHER
Hordes of people, decked out in Red Sox gear and chanting “Yankees suck!” in unison, poured out of the Park Street T Station and onto the streets Wednesday morning to celebrate the Boston Red Sox’s ninth World Series win. With a final score of five to one, the Boston Red Sox defeated the Los Angeles Dodgers on Sunday night to become the 2018 World Series champions. Thousands gathered downtown Wednesday morning for the team’s victory parade, which began at 11:00 a.m. at Fenway Park and ended near Boston’s City Hall. The jubilant crowd included Boston locals and Harvard students alike. With confetti floating above
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HUHS Harvard Students Get Spooky for Halloween Debuts Clad in Costumes, Students Health Collect Candy in the Yard Program By ASPEN H. BUCK, JANIA J. TUMEY, and REBECCA E. XI
By SIMONE C. CHU
CONTRIBUTING STAFF WRITERS
CRIMSON STAFF WRITER
A new Boston-area mental health initiative focused on Asian-American women enrolled its first cohort at Harvard this fall. The program, called “Asian Women’s Action for Resilience and Empowerment,” launched in September and consists of part group therapy session, part research study. It aims to fulfill a need for mental health care for an under-researched demographic, according to Boston University professor Dr. Hyeouk “Chris” Hahm, who created the program. Hahm said she first conceived of plans for AWARE while working as a clinical social worker in New York City nine years ago. She noticed patterns of conflict within immigrant families — especially those from Asia — and in particular among Asian-American women.But Hahm said she found little existing research on this demographic. “I realized that there were so few studies, so few articles, on these immigrant — particularly Asian-American immigrant — children, as well as their parents,” she said. “In particular, there was so little research done targeting Asian-American women — especially their
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Harvard Today 2
Students dressed up for the Halloween costume contest and trick-or-treating in Harvard Yard.
MIA B. FROTHING-
HAM—CONTRIBUTING PHOTOGRAPHER
A Halloween-themed Annenberg and an evening of candy and music in the Yard marked an atypical Wednesday at Harvard, as undergraduates paused to celebrate the holiday. Costumed students strolled around Harvard Yard at a trickor-treat event hosted by the College Events Board, which featured a photo tent, costume competition, and plenty of candy. Avril Saavedra ’21 and Jennifer Y. Wang ’22 dressed up as “Necromorphs” — characters Saavedra described as “re-
animated corpses from alien bacteria” from the video game franchise “Dead Space.” Saavedra said it took five hours just to build the protruding jaws of their costumes. “About five hours to build the jaw, and then like three hours to put it all together in the morning,” she said. “All my teachers were terrified. Several of my classmates refused to sit next to me.” “It’s been fun,” Saavedra added. “Halloween is good on a Wednesday!” Wang said many people took photos of the duo throughout the day. John S. Martin, an ID
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Houghton Library Hosts Reading of ‘Frankenstein’ in Honor of Anniversary By JOSHUA S. ARCHIBALD and KEVIN R. CHEN CONTRIBUTING STAFF WRITERS
There was a marathon reading of Mary Shelley’s Frankenstein in Houghton Library Wednesday. HAYOUNG HWANG—CRIMSON PHOTOGRAPHER
News 3
Editorial 4
Sports 6
Houghton Library hosted a Halloween reading of Mary Shelley’s “Frankenstein” in honor of the 200th anniversary of the book’s publication, attracting scholars, students, and members of the public alike. The event marked the first time the Houghton Library has held a marathon reading, according to lead organizer and Houghton curator Leslie A. Morris. The reading was part of
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Frankenweek, a week-long celebration at Harvard that featured a symposium on the significance of “Frankenstein” and screenings of eleven different film adaptations of the book. “It is one of those novels that really has permeated culture in a way. Considering that it was Mary Shelley’s first book, it’s quite remarkable,” Morris said. Participants could sign up to read aloud a 10-minute section of “Frankenstein,” and a steady stream of people flowed in and out of the room throughout the event, grabbing treats from
the back while listening to sections of the novel. Time slots to read were filled within 36 hours of the sign-up form’s posting, Morris said. The reading was affiliated with Frankenreads, an international celebration organized by the Keats-Shelley Association of America. People from 46 countries around the world participated in similar marathon readings of “Frankenstein.” Members of the class English 148: “Modern Monsters in
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