Word: fixedness
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Harvard Management Company, which oversees the University's multi-billion dollar endowment, will lose Marc Seidner, a top fixed-income portfolio manager, at the end of the month, according to several media reports.
The reasons behind the departures of Seidner, HMC's managing director for domestic fixed income, and Michael Llodra, a member of the fixed-income investment team, are unclear. But the news comes four months after HMC announced it would lay off roughly 50 workers, or a quarter of its staff...
According to Bloomberg, Stephen Blyth, HMC's managing director of international fixed income, will take over Seidner's duties on an interim basis.
According to Harvard's year-end financial report from 2008, HMC had over $7 billion invested in fixed-income assets as of June 30. Those assets included nearly $2 billion worth of domestic bonds—which had produced returns of 16.1 percent for that fiscal year, beating the HMC...
The Pre does have issues. I've used two for the past few weeks and run into a couple of early glitches. One was an operating-system bug that caused my first Pre to crash. Fixed, says the company. The other was a hardware issue that drained my battery in...