Monday, August 16, 2010

Harvard Management Company Sells Israeli Stocks


Ynet reported that Harvard Management Company no longer owns any Israeli stocks in its publicly reported portfolio. It sold:

Teva
Nice
Check Point
Cellcom
Partner
HMC said the move came from Israel's changed designation and subsequent portfolio rebalancing. Speculation involves conflict between Israel and Iran. Larry Summers or Bob Rubin might know whether such speculation has any basis. Divestiture is in the air.