Word: growth
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...group, which has long condemned Harvard Management Company for paying what it says are exorbitant bonuses, called on Harvard to report how much of that money has been retracted after the endowment’s recent underperformance. According to HMC’s policies, which emphasize sustained, long-term growth, internal investment managers are awarded bonuses if they grow the value of the endowment above benchmarks set by the HMC Board, but those bonuses can be retracted in later years if the fund underperforms benchmarks...
David Kaiser ’69, who signed the letter to Faust, emphasized in an interview with The Crimson that the global financial crisis has exposed fundamental flaws in the aggressive strategies used by investors around the world. He acknowledged that HMC has for years delivered spectacular endowment growth, but said that the drastic budget cutbacks now plaguing the University illustrated the need for “slower but more sustainable rates of growth...
Harvard, which currently manages 30 percent of its funds internally and uses external investors to oversee the rest, says that its investment model allows it to achieve extraordinary growth at a fraction of the cost of hiring comparable outside managers. Nevertheless, Kaiser emphasized the need for lower compensation—even if it means that Harvard is forced to abandon the successful but arguably risky investment strategies that have served it well in the past...
Thirty years back, Bangladeshi mothers had an average of 6.2 children. Today the average is 3.1. The population-growth rate has drastically come down, and among many explanations is the empowerment of women. They became aware of their ability to handle their lives and make decisions. Microcredit is not a population program, but it has helped women see how they can live their own lives...
...Human-rights campaigners accused Obasanjo of unleashing state-sponsored violence on his citizens, both in his reaction to ethnic unrest when he came to power in 1999 and during the campaign for the 2003 election that saw him win a second term. Kufuor, though widely admired for boosting economic growth and reducing poverty in Ghana, led the country during a period when corruption in state institutions was perceived to have risen. (See pictures of political high tension in Zimbabwe...