Word: exchangee
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While recent accounts of Harvard’s financial affairs seem to border on cataclysmic, some finance experts question whether the University’s investment decisions resulted from a lack of foresight as suggested by some media outlets.A recent Forbes cover story stated that Harvard’s ?...
According to Harvard’s annual financial statement issued in October, the University continues to use a variety of financial instruments with undisclosed risk—including options, forwards, credit default swaps, and exchange agreements—to gain exposure to various asset classes without having to actually invest...
The pledge, coming just ten days after Obama's televised appeal for a "new beginning" between the U.S. and Iran, suggests the White House's efforts to thaw relations with Tehran are paying off. U.S. Afghan envoy Richard Holbrooke even met Akhundzadeh, and had what was described as "a brief...
Although the hedge-fund industry has long relished the light touch of lawmakers and financial regulators, a new era is dawning for largely unregulated financial institutions, and rightly so. The huge systemic risks associated with hedge funds and other unregulated firms in the financial system have a ruinous potential in...
The police recruits were not trained to confront armed terrorists, Interior Ministry chief Rehman Malik told reporters. They were shown fleeing the building in a panic as the rangers - a paramilitary force - and members of the Punjab police's élite commando unit arrived. The security forces mounted nearby buildings...