Word: funds
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...Harvard line caused quite considerable head-scratching in fashion and academic circles when it was announced in August. Naturally, there was snickering on Yale student websites, but that subsided after Harvard asserted that the money was going to fund scholarships for low-income students. What better reason to monetize its élite status than to admit students from outside the élite...
This year’s fundraising total was aided by a number of large donations, most notably a $125 million gift over the next five years—the largest in Harvard’s history—from Business School graduate Hansjörg Wyss to fund the Wyss Institute for Biologically Inspired Engineering in Allston. Gifts of over $1 million accounted for over 40 percent of the cash total...
...India which closed Sept. 10, saw a relatively muted retail response, say investment bankers, with most of the interest coming from institutional buyers. "We've invested very selectively in the companies that have come to markets post elections," says Sukumar Rajah, chief investment officer at Franklin Templeton Mutual Fund. "There wasn't much to attract us, particularly from a long-term returns perspective...
...easy to get a listing done now, it is taking a lot more marketing and investors want to be absolutely sure of the quality of the company as opposed to the appeal of a sector. But liquidity is not an issue and we will continue to see aggressive fund raising...
...after Chen became the first politician from Taiwan's long-time opposition Democratic Progressive Party (DPP) to take the island's top post. Chen, 58, and his wife were both charged with embezzlement, bribery, money laundering and forgery and fined $15.3 million for their mishandling of a special state fund and land deals. Chen's son was also sentenced to two-and-a-half years for money laundering, and his daughter-in-law to one year and eight months...