Word: hmcã
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Dates: during 2001-2001
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...unique to Harvard for its mission: It makes money. Its only task is to give the University the maximum return on its investments—a task that has by all accounts met with wild success since HMC??€™s inception...
...Harvard hires the best portfolio managers it can find, offers them multi-million dollar compensation packages and gives them wide autonomy to invest its endowment—with almost a quarter of HMC??€™s funds going into high-risk assets like venture capital and real estate...