Word: hmc
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Still, the HMC president said that the fund'soverall mission differs from Harvard's and thatHMC has no current intentions of investing anymore money with outside managers...
Meyer, Rudenstine and Harvard Vice Presidentfor Finance Robert H. Scott said that Harvardwould likely pay higher management fees to privatefirms than it currently pays to run HMC...
...other investment managers disagree,suggesting that Harvard could easily find qualityindependent managers who charge prices comparablewith the $24 million Harvard invested in HMC infiscal 1991. That number--equivalent to nearly 50basis points, or fractions of a percent spreadover the whole endowment--was up $4 million fromthe year before...
...HMC is] very tilted towardexpensive-to-manage investments," said Harvey M.Young, a senior vice president at the MetropolitanLife Insurance Company in New York. "They could dobetter [in terms of management fees] if they said,'Let's go to passive rather than activemanagement...
Still,. other investment experts have suggestedthat even if Harvard were to pay higher fees tooutside managers, the net gain might outweigh anylower costs incurred by HMC...