Word: 24million
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...April, Hampshire Instruments, a NewYork-based high technology firm dealing withsemiconductors and heavily bankrolled by Harvard'sendowment, shut its doors after a drawn-outstruggle for survival. According to severalsources knowledgeable about the investment, theUniversity's loss amounted to at least $24million, and quite possibly $40 million. Whiledeclining to release their own numbers, HMCofficials have disputed those estimates, and havedenied that it would have a "significant impact"on the endowment...
...April, Hampshire Instruments, a NewYork-based high technology firm dealing withsemiconductors and heavily bankrolled by Harvard'sendowment, shut its doors after a drawn-outstruggle for survival. According to severalsources knowledgeable about the investment, theUniversity's loss amounted to at least $24million, and quite possibly $40 million. Whiledeclining to release their own numbers, HMCofficials have disputed those estimates, and havedenied that it would have a "significant impact"on the endowment...
...April, Hampshire Instruments, a NewYork-based high technology firm dealing withsemiconductors and heavily bankrolled by Harvard'sendowment, shut its doors after a drawn-outstruggle for survival. According to severalsources knowledgeable about the investment, theUniversity's loss amounted to at least $24million, and quite possibly $40 million. Whiledeclining to release their own numbers, HMCofficials have disputed those estimates, and havedenied that it would have a "significant impact"on the endowment...
...Active management goes for 40 to 50 basispoints," the source continued. "I don't think $24million is out of line...[Calling it] a bargain ismaybe going...
...addition Dukakis, who is contemplating apresidential campaign, is requesting almost $24million more for his widely-heralded Education andTraining Choices (ET) program. ET is a uniquestate program that is designed to employ those whohad been receiving state support...
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