Word: floors
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...management company’s trading floor, a methodical array of flat-panel monitors and mini televisions tuned to CNBC, is largely dormant on typical trading days. Though the firm is responsible for roughly 250,000 transactions a year, according to Meyer, work on the floor is conducted in library voices—even whispers, when a reporter is present—a far cry from the popular image of frantic traders hollering orders and scrambling for phones...
When the management company renovated its trading floor in 1998, Meyer sought to construct a room which would appear “light and cheerful but not opulent,” a curious distinction for the home of one of the richest endowments in the country...
...ties, even among the most senior portfolio managers. One afternoon in October, David R. Mittelman, Harvard’s star manager of domestic bonds who earned $25.4 million for his work last fiscal year and $34.1 million the year before that, rocked back in his chair on the trading floor, sporting khaki pants and a short-sleeve, collared shirt...
Meyer is currently in search of the right person to place in the spot vacated this summer by Jeffrey B. Larson, who managed foreign equities for the University. In the interim, a conspicuous cluster of desks on the trading floor, where Larson and his staff of 14 used to work, lies empty in their absence. Larson left the management company this summer to start his own hedge fund, Sowood Capital, backed in part by Harvard’s money...