Word: bondses
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Exegetes of the Bond canon can debate the weighty matter of which movie is gospel and which apocrypha. Octopussy is based on the title of an Ian Fleming novelette-like most Bond movies it makes only vagrant nods to the original plot-and is supervised by Albert ("Cubby") Broccoli, who...
The bulk of the jump in the endowment--the largest of any American university--comes from what Harvard's chief investment officer called a 17-to-18-percent increase in the return on Harvard's portfolio of stocks and bonds in the last two months.
"We fully recognized the bull market in bonds," Cabot explained. He added that the rise in stocks, however, "has been faster, higher, and harder than anybody would gentrally have balleved. I don't ever remember's move like this in this sort of time period."
"To the degree we were not in cash, and to the degree we were to bonds, it was very helpful to this portfolio," Cabot explained.
During the fiscal year ending June 30, the total return on stocks and bonds for Harvard was "basically flat," Cabot said, adding however, that this was a "very competitive position versus most other Ivy League endowments."