Word: hmc
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Dates: during 2000-2009
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Highfields Investments, a hedge fund started by former Harvard Management Corporation (HMC) investor Jonathan Jacobsen that invests around $1 billion of Harvard’s endowment, already owns a large part of Reader’s Digest stock...
Jack Meyer, the president of HMC, which owned nearly $11 million in Reader’s Digest stock as of last quarter independently of Highfields’ investments, also did not return a call for comment...
...HMC source who refused to be identified said that Harvard invests close to $1 billion with Highfields—not the $2 billion HarvardWatch had claimed...
...University’s potential earnings from Enron’s collapse also could have been negated by the money HMC lost on investments in Enron...
Documents filed with the SEC yesterday show that HMC lost at least $10 million and as much as $18 million due to Enron’s collapse...