By Hillel Koren

No reason for the sale was mentioned in the report to the SEC.

Harvard University, Massachusetts.

In another blow to Israeli shares, the Harvard Management Company notified the US Securities and Exchange Commission (SEC) on Friday that it had sold all its holdings in Israeli companies during the second quarter of 2010. No reason for the sale was mentioned. The Harvard Management Company manages Harvard University’s endowment.

Harvard Management Company stated in its 13-F Form that it sold 483,590 shares in Teva Pharmaceutical Industries Ltd. (Nasdaq: TEVA; TASE: TEVA) for $30.5 million; 52,360 shares in NICE Systems Ltd.NICE; TASE: NICE) for $1.67 million; 102,940 shares in Check Point Software Technologies Ltd. (Nasdaq: CHKP) for $3.6 million; 32,400 shares in Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) for $1.1 million, and 80,000 Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) shares for $1.8 million. (Nasdaq:

Harvard Management Company’s 13-F Form shows some interesting investments. Its two largest holdings, each worth $295 million, are in iShares ETFs, one on Chinese equities, and the other on emerging markets. Harvard also owns $181 million in a Brazilian ETF.

Published by Globes [online], Israel business news – www.globes-online.com

One Comment

  1. Urod on the 17. Aug, 2010 remarked #

    … is there Hope ?
    Did the American intellectuals saw the light specially after the ” Israeli Lobby ” aka The Harvard Papers ?
    Or the israeli companies adviced Harvard to sell and buy back but in subsiduaries located in other countries ?
    The article above doesn’t go deep enough to see where the investment went …
    See a different world at RecipeForaNation.vox.com , future shocking .

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