Word: hmc
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Sources say the HMC manager directly responsible for the account was N'Kere Udofia. Udofia did not return phone calls yesterday...
...liquidation, which employees found out about on Sunday night, occurred afterfour months of negotiations between CCC, AlexanderJulian, HMC and the Bank of New York, which holdsthe debt on the company, according to thehigh-ranking executive...
...Harvard Private Capital Fund (HPC) owned 82 percent of the now-defunct Collection Clothing Corporation (CCC). HPC is a wholly-owned high-risk subsidiary of the Harvard Management Company (HMC), which manages the University's approximately $6 billion endowment...
...HMC President Jack R. Meyer had no comment on anything to do with the liquidation...
...There was an agreement, but something changedat the last minute," the former executive said."HMC was trying to recoup as much as possible andI think they were pushing to liquidate. In the endthere was a forced liquidation by the bank...