Word: hmc
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During his first in-depth interview with The Crimson on the subject, Jack Meyer, president of Harvard Management Company (HMC)—the arm of the University responsible for investing the endowment—called recent allegations by a watchdog group “absurd...
...Harvard Management Company (HMC) investments in Harken Oil were not inappropriate and were disclosed openly and properly,” the University said yesterday in an official statement...
...report comes months after news of other questions about Harvard’s links with Harken. The Crimson reported in July that HMC owned more than $28 million worth of Harken stock in 1990, when Bush served as a director of Harken and sold 212,140 shares of the company for $848,560. The close timing of Bush’s sale and Harvard’s purchase of Harken stock led to speculation that the University was the unknown buyer of Bush’s shares...
...July interview, Jack Meyer, current president of HMC, denied that Harvard obtained Bush’s shares...
...didn’t buy George Bush’s stock,” said Meyer, who took over HMC about two months after Bush’s sale...