Word: hmc
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...HMC compensation system for investment staff, which rewards fund managers based on individual performance, has recently come under increased scrutiny for paying $107.5 million in salaries and bonuses to its top six managers [Please see related story, page...
Jack R. Meyer, president and CEO of the Harvard Management Corporation (HMC)—the group in charge of managing Harvard’s endowment—attributed Harvard’s above-average growth to the diversity of its portfolio...
...HMC purchased a 468,000-acre forest—estimated to be worth $540 million—in New Zealand last month, bringing the University’s total timber holdings to approximately 10 percent of the endowment...
Harvard’s top six endowment fund managers together earned more than $100 million in salaries and bonuses for the fiscal year ending June 30, 2003, according to figures released yesterday by the Harvard Management Corporation (HMC...
...think that the investment is a strong one for the HMC. Trees in New Zealand grow relatively fast so the time-frame for returns will be favourable,” Schweder wrote in an e-mail...