Word: hmcã
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...HMC??the group responsible for managing Harvard’s $19.3 billion endowment—compensates fund managers with a fixed salary, a neutral bonus and a performance-related bonus...
...purchase will be HMC??s second investment in New Zealand timber, following a smaller transaction earlier last year...
Meyer said that although the University has no obligation to report fund managers’ salaries until May, those figures have typically been reported in November or December. The figures will be released later because HMC??s board of directors wanted to review the compensation at its quarterly meeting yesterday, he said...
...Meyer insisted that keeping investment functions in-house results in lower fees and better returns for the University. He lauded HMC??s salary system, which is “all quantitatively driven” and rewards managers for outperforming market benchmarks...
...added that HMC??s system of withholding some income to prevent future underperformance helps ensure that managers invest carefully...