Word: april
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...Grombalia farm, 22 miles (35 km) south of Tunis. Just four years after starting to export to Europe, Jinene Agro now gains half its profits from foreign sales. Tunisia's sunny latitude allows El Phil to ship fresh peaches and plums during the weeks from mid-March to mid-April when there's space on supermarket shelves throughout Europe. "We harvest after the end of production in Chile and South Africa, and before Europe begins," he says. "We exploit that gap." Such built-in potential in the agriculture sector, until now largely untapped, could fuel the kind of economic development...
...comes with a huge responsibility to invest those funds cannily, and both universities are making suitable arrangements. Nick Cavalla, formerly an exec at Man Global Strategies - part of the Man Group, the world's largest publicly listed hedge fund - started work as Cambridge's first chief investment officer in April last year; Sandra Robertson, previously the boss of Portfolio Management at the Wellcome Trust, an influential U.K. medical charity, took up the equivalent role at Oxford five months later...
Harvard's endowment posted returns of approximately 9 percent through the first 10 months of this fiscal year, according to data from the University. The increase puts the endowment's value at around $38 billion as of this April, up from $34.9 billion as of last June...
...last year's exceptional 23 percent performance for the full 12-month period, they are comparatively strong given that they come amid a bear market that has seen the S&P 500 index, a standard baseline for stock-market performance, lose eight percent during the same July to April period...
...this heavy investment insulated Harvard's endowment from rocky market conditions through April, it likely aided returns for the last two months as well. The Dow Jones-AIG Index commodity prices rose another 12 percent in May and June based largely on spikes in the prices of oil and corn futures...