Student protesters gather inside their camp on Columbia University grounds in April 2024, in New York. AP
Student protesters gather inside their camp on Columbia University grounds in April 2024, in New York. AP
Student protesters gather inside their camp on Columbia University grounds in April 2024, in New York. AP
Student protesters gather inside their camp on Columbia University grounds in April 2024, in New York. AP

Columbia University says it expelled some students who seized building last year


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Columbia University says it has expelled or suspended some students who took over a campus building during pro-Palestinian protests last spring, and temporarily revoked the diplomas of some who have since graduated.

In a campus-wide email sent on Thursday, the university said its judicial board had issued its sanctions against dozens of students who occupied Hamilton Hall, based on its “evaluation of the severity of behaviours”.

The university did not provide a breakdown of how many students were expelled, suspended or had their degree revoked.

The culmination of the months-long investigations comes as the university’s student community is reeling from the arrest of a well-known campus activist, Mahmoud Khalil, by federal immigration authorities last Saturday – the “first of many” such arrests, according to President Donald Trump.

At the same time, the Trump administration has stripped the university of more than $400 million in federal funds over what it describes as its inaction against widespread campus anti-Semitism.

Hamilton Hall was taken over on April 30 last year, in an escalation led by a smaller group of students of the tent camp protesting against the war in Gaza that had been set up on Columbia’s campus.

Students and their allies barricaded themselves inside the hall with furniture and padlocks in a major escalation of campus protests.

At the request of university leaders, hundreds of officers with the New York Police Department stormed on to campus the following night. Police carrying zip ties and riot shields poured in to the occupied building through a window and arrested dozens of people.

At a court hearing in June, the Manhattan District Attorney’s office said it would not pursue criminal charges for 31 of the 46 people initially arrested on trespassing charges inside the administration building – but all of the students still faced disciplinary hearings and possible expulsion from the university.

The District Attorney’s office said at the time that they were dismissing charges against most of those arrested inside the building, due in part to a lack of evidence tying them to specific acts of property damage and the fact that none of the students had criminal histories.

More than a dozen of those arrested were offered deals that would have eventually led to the dismissal of their charges, but they refused them, protest organisers said, “in a show of solidarity with those facing the most extreme repression”. Most in that group were past students, but two were still studying there, prosecutors said.

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Kabir Singh

Produced by: Cinestaan Studios, T-Series

Directed by: Sandeep Reddy Vanga

Starring: Shahid Kapoor, Kiara Advani, Suresh Oberoi, Soham Majumdar, Arjun Pahwa

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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Updated: March 13, 2025, 10:12 PM