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Why did Harvard dump its Israeli stocks, and buy Turkish shares?

Why did Harvard dump its Israeli stocks, and buy Turkish shares? News flash for market copycats: Harvard didn’t ‘dump’ its Israeli shares, it adjusted its portfolio.

By Eytan Avriel Last week the money-management crowd on Wall Street had another shock: Harvard University’s investment company sold its holdings in Israeli shares.

The story began with a routine report. The Harvard Management Company, which has tens of billions of dollars under management and a reputation for terrific yields, published the state of its holdings in the second quarter. The sharp of eye noted that while in the first quarter the company had tens of millions of dollars in Israeli shares, in the second quarter all these holdings had gone. To add insult to injury, the company bought Turkish ………..

http://www.haaretz.com/print-edition/business/why-did-harvard-dump-its-israeli-stocks-and-buy-turkish-shares-1.309636 http://www.haaretz.com/print-edition/business/why-did-harvard-dump-its-israeli-stocks-and-buy-turkish-shares-1.309636

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