Word: endowmentã
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...benefactor Peter L. Malkin ’55 said he thinks there may be some money left over in a “maintenance endowment?? from his original $4 million donation in 1985 (which matched the amount given by Harvard) to renovate...
While Harvard’s overall return was negative, Meyer said that the endowment??s managers still surpassed their annual targets. While the S&P 500 Index lost 10.9 percent last year, HMC’s domestic equities only lost only 4.6 percent...
...claims, however, that such lists are about money, not quality. While he refuses to discuss the exact methodology of rankyourcollege.com, he hints that it randomly generates a list of schools weighted towards their per capita endowment??which he says might just be the same formula other rankings...
...Then in 1989, HMC suffered one of its most public investing debacles. HMC lost about half of a $45 million investment—then about one percent of the endowment??in risky “commercial papers” of Lomas Financial Co., sold by Merrill Lynch, a loss that was aired publicly when HMC filed a lawsuit to recover the losses...
...Pressure was also building in the early 1990s for Harvard to shift more towards the model of the Princeton Investment Company (PRINCO)—which outsources large amounts of its endowment??or to enter a Commonfund-type arraignment...