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...financial reorganization that marked the early years of President Bok's administration, the corporation formed the Harvard Management Company, a 40-person operation located in downtown Boston that exclusively handles Harvard's portfolio. The deputy treasurer of Harvard, Walter M. Cabot '55, heads the company, which handles 90 per cent of the portfolio. The other 10 per cent of the portfolio is farmed out, as it were, to five smaller firms which have almost complete independence to buy and sell their little pieces of stock...
...Last year the University showed a small but welcome budget surplus, and according to Putnam the Harvard portfolio is one of the most well-managed and carefully-watched of al university portfolios. The current annual rate of return on the market value of Harvard's endowment is 5.2 per cent, which may not outrun inflation, but is still considered respectable in institutional circles...
Last year Radcliffe spent over 60 per cent of its work-study budget in the summer, leaving only enough money to provide 80 women with such jobs during the school year...
This is a decrease of 142, or almost 9 per cent, from the fast sponsored by Oxfam last November, and represents about one out of every five students living on campus...
...newest revelation: Radcliffe may have to cut back drastically next year on the number of women with low-interest loans from the National Direct Student Loan (NDSL) program because the government slashed Radcliffe's grant by 45 per cent. This mix-up ironically stems from the academic year '76-'77, when freshman men were denied NDSL loan funds so that Harvard would have enough to continue its loans to upperclassmen. Radcliffe had plenty of NDSL money for everyone, but a number of freshman women thought they too were ineligible and did not apply for loans. When it was too late...