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...Instead, the Dean alienated virtually the entire student body by being so overtly disrespectful to their representatives. Adding insult to injury, since uploading the letter Pilbeam has refused to return phone calls, reply to student inquiries, or share access to the liability reports that originally put the UC party fund??which, according to the UC’s most recent legal advice, is in compliance with the law—under scrutiny.Whatever one thinks of his decision, Pilbeam’s conduct amounts to an utter and total sandbagging of the undergraduate community. But even if one gets...

Author: By The Crimson Staff | Title: A Misguided Approach | 10/5/2007 | See Source »

...category that includes university endowments—to invest directly in U.S. hedge funds while retaining their freedom from Internal Revenue Service dues on leveraged investments. “[Universities] are currently taxed as though they are leveraging, when it’s actually the hedge fund??s strategy,” said Kevin Casey, Harvard’s senior director of federal and state relations. “The universities are not the ones utilizing leverage.” Currently, many organizations in the tax-exempt category use offshore tax sanctuaries such as the Cayman Islands...

Author: By Maxwell L. Child, CRIMSON STAFF WRITER | Title: Bill May Nix Hedge Fund Taxes | 9/14/2007 | See Source »

...wrong name for the executive at Pacific Investment Management Company (PIMCO) that Mohamed A. El-Erian, president and CEO of Harvard Management Company, was expected to succeed if he had not come to Harvard. The executive was Bill Gross, founder of PIMCO and manager of the company's bond fund??not William S. Thompson, the company...

Author: By Claire M. Guehenno and Laurence H. M. holland, CRIMSON STAFF WRITERSS | Title: HMC Chief Steps Down | 9/12/2007 | See Source »

Larson gave an explanation for his fund??s staggering losses in the letter his investors received on Monday...

Author: By Nathan C. Strauss, CRIMSON STAFF WRITER | Title: Harvard Loses Millions in Hedge Fund Collapse | 8/1/2007 | See Source »

According to Larson, Sowood’s portfolio was experiencing losses in June—due to pessimism in the credit market—that were worrisome for the firm but still “manageable” due to the fact that the fund??s collateral was still valued highly...

Author: By Nathan C. Strauss, CRIMSON STAFF WRITER | Title: Harvard Loses Millions in Hedge Fund Collapse | 8/1/2007 | See Source »

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