Word: hmc
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Harvard's top five investors raked in a record $43.5 million in bonuses and salary last year, $16 million more than the bear before, according to a report released yesterday by the Harvard Management Company (HMC), which invests Harvard's endowment...
...bulk of the sum came from bonuses, which HMC's fund managers receive if they exceed the company's benchmarks-its internal investing standards-over a three-year period on the different areas they manage...
...marked the third consecutive year HMC increases the University's endowment by more than 20 percent. Recent bonuses had been held down by lower endowment growth earlier in the decade...
While Jacobson's salary and bonus come to more than 35 times what President Neil L. Rudenstine made last year, the HMC report claimed that managing the endowment internally is half as expensive as management by an outside firm would...
...Politics* U.C. candidates slug it out in two poorly attended debates. Is it apathy or does the campus know too much already? Number 28 * Harvard's ranking in magazine's list of best colleges for black students. Would we be as happy with 28 in U.S. News? Harvard Investments * HMC recoups most of $1.5 billion in summertime losses. Pheeww! That was a close one! Mass. Army-Navy Store * Closing sale means cheap winter boots. Plus, maybe the Pit children will migrate elsewhere to buy their clothes. Work * In the week before break, papers mount up, leaving little time for anything...