捐赠资产的有效增值--哈佛管理公司的管理、投资及其启示

摘要

Endowment is one of important financial resources for colleges and univer-sities. As a result of scientific management and investment of Harvard Management Com-pany,the endowment could be value-added effectively. The company is a matrix organiza-tional structure,taking advantage of various investment models,emphasizing long-time in-vestment and dynamic risk management. The idea,method and experience of Harvard Management Company provide a helpful horizon for the management and investment of endowment in China.%捐赠资产是大学办学经费的重要来源之一。美国哈佛大学捐赠资产的有效增值得益于哈佛管理公司的科学管理和投资。哈佛管理公司为矩阵型组织结构，投资运作注重多种投资模式，重视长期的投资，实施动态的风险管理。哈佛管理公司的理念、方法和经验对我国高校捐赠资产的管理和投资具有积极的借鉴意义。