Word: harvard
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Dates: during 1990-1999
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Fund managers' compensation is based on the percentage the endowment grew in the previous year. In 1999, Harvard made only 12.2 percent, compared to 20.5 percent in 1998. Over the past five years, Harvard has averaged a 20.1 percent return on its endowment...
Although it was another fruitful year for the top money managers at Harvard Management Company (HMC), new investment trends kept their compensation lower than in the past, the University announced this weekend...
...manager Jonathon S. Jacobson took home over $10 million, leaving soon after to start Highfields Capital, a high-stakes investment firm that specializes in hedge funds. Harvard committed at least $5 million to his new firm...
...Harvard was hurt this year by its inability to go all-out for venture capital funds. These funds invest in start-ups and had what HMC President Jack R. Meyer called "a great year...
...overall economic growth had less impact on Harvard's gains because HMC was limited in the amount of the endowment it could invest in venture capital...