Word: browns
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...advise reducing profit to control risk, even when other companies are pressing forward.While backward-looking VaR models relied entirely on data from past years, forward-looking VaR models were able to pick up on the increased volatility of the market before securities prices took a nosedive, says Aaron C. Brown ’78, a risk manager at the quant hedge fund AQR Capital Management. But when the forward-looking VaR suddenly rose—reflecting a dramatic increase in risk—warning signs went unheeded.“People have a tendency to ignore that...
After two days of arguing about a lightweight brown sneaker that had been lobbed at Chinese Premier Wen Jiabao as he spoke at Cambridge University earlier this year, the verdict came with an air of denouement. On Tuesday, German biomedical research student Martin Jahnke, 27, who had tossed his footwear onto the stage during Wen's speech in protest over China's human-rights record, was found not guilty of a public order offense by the Cambridge Magistrates' Court...
...campus and among the freshman class, she was known as the banjo woman,” Virginia “Ginger” M. Young ’84 said of her first-year roommate Alison H. Brown ’84. Unlike many prospective students who scour the academic and social offerings of potential colleges, Brown flipped through club listings in the magazine “Bluegrass Unlimited” as a guide for deciding between Harvard or Yale. She eventually opted for Boston and Cambridge’s legendary bluegrass scene.By the time Brown enrolled at Harvard...
...committee’s recommendations for Harvard, which came to be known as the Brown Report, were released in 1955 and stipulated a wide-ranging series of reforms. Comparing Harvard to a number of peer institutions, the committee developed specific plans for the school, from the small-scale name change of the Department of Art History to the ground-breaking call for an increased number of theater courses and a design department. These changes would “give the experience of art its rightful place in liberal education,” wrote Pusey in the report. To accompany...
...years later, Harvard continues to wrestle with its uneasy relationship with the arts. The Task Force on the Arts, appointed in 2007, is a latterday incarnation of the Brown Report. Its task: to discover how Harvard may better nourish creative activity. As students and faculty discuss how the school might foster the arts, they revive a conversation decades old. “The fundamental issue then is what should the role of the arts be within the academy,” Hancock said. “It is still an issue today...