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...billion worth of North American and European public and private real estate investments for LaSalle Investment Management, where he served as a Co-Chief Executive Officer and Co-Chief Investment Officer. Real assets as a whole—which include liquid commodities, real estate, and timber and agricultural land??represented 26 percent of the endowment in 2008, according to a Harvard financial statement. Last year, the real estate portfolio provided returns of 3.2 percent—beating the HMC board-approved benchmark of 2.4 percent. Cummings, a Chicago and Dartmouth graduate, said in the University statement that...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: HMC Hires Real Estate Director | 4/24/2009 | See Source »

...total portfolio and returned 7.6 percent in the fiscal year ending last June 30, according to University reports. Fixed-income bonds represented 13 percent of the University’s holdings, while real assets—such as real estate and investments in timber and agricultural land??comprised 26 percent...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: Harvard Slashes Stock Holdings | 2/11/2009 | See Source »

...Harvard’s record looks familiar, that is because it is the same as what the Arizona Cardinals had at the start of their tournament. Unlike the NFC champions, the Crimson needs to win more than just three games in a row to reach the promised land?...

Author: By Ted Kirby, CRIMSON STAFF WRITER | Title: AROUND THE IVIES: League Games Start to Heat Up | 1/29/2009 | See Source »

...approach that stems from terrestrial conservation. On land, protecting sites in patches can be successful. For example, cutting down trees around Yellowstone will not immediately harm the trees within Yellowstone. The oceans, however, are different because water and life move freely without the same geographic restraints as on land??illustrated by the fact that ocean currents bring in thousands of pounds of garbage from nearby islands into the protected Papahanaumokuakea Marine National Monument. Regardless of well-intentioned efforts like creating marine sanctuaries, oceanic environments will never be protected until we tackle the larger issues facing oceans...

Author: By Steven T. Cupps | Title: No Reef is an Island | 1/8/2009 | See Source »

...said Task Force member Harry Mattison. “If Harvard owns these properties and really can’t afford to improve them, they should sell them to someone who can.” Mattison suggested that Harvard think of creative temporary uses for the land??rather than leaving it undeveloped—as it continues to draft plans. “Seeing these empty buildings continuing to sit empty will only cause more dissatisfaction,” he said. He also criticized Harvard for not being clear about whether it is going to submit its final...

Author: By Vidya B. Viswanathan, CRIMSON STAFF WRITER | Title: Allston Funds May Be Diverted | 12/11/2008 | See Source »

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