Word: fundã
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...Aside from its sheer enormity, this heap of cash is also intriguing because of the “public-private investment fund?? included in Treasury Secretary Timothy Geithner’s recent proposal. The potentially $1 trillion vehicle would aim to combine public and private capital to buy toxic assets from banks. Though widely criticized in its eight days of life, the fund may succeed in attracting private investors—but only if Geithner offers more specifics to incentivize private financing and subdue historic antagonism between private and public sectors, which is traditionally worse in times...
...Undergraduate Council will loosen restrictions this week governing use of $45,000 of the Student Life Fund??a $75,000 pool created to finance student group travel and House formals—in order to allow more grants to be distributed in the upcoming semester. The fund, established in Sept. 2008, draws from Dean of the College Evelynn M. Hammonds’s discretionary budget. Prior to its creation, the UC only funded travel within the Boston area. But with just $2563.08 distributed to student groups for transportation costs last semester, the caps placed on the fund?...
...work to hedge funds and external firms and achieve comparable returns. According to Longbrake, external firms now manage roughly 70 percent of Harvard’s endowment—a marked increase from only a few years earlier. When Meyer left Harvard in 2005 to start his own hedge fund??taking with him 30 employees, four top managers, and $500 million in start-up cash from HMC—the University had half its endowment under outside management. Mendillo—a 15-year veteran of HMC and the former manager of Wellesley College’s endowment?...
...contribution is also used to support future retirees reducing the city’s unfunded pension liability, or the amount by which the fund??s assets fall short of what experts predict the fund will need to cover pensions in the coming decades...
...Harvard must grant and create more space” and that space should be “reclaimed for the good of the University and a healthy social atmosphere.” Schwartz’s is trying to bring back the “party fund??—which was canceled last year by the dean of the College—by proposing a compromise. He wants to allocate $250 each week to each of the four different House “neighborhoods.” The House Committees would then allocate the funds with approval...