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...colleagues all say that the long-term investment strategy and the internal-external hybrid structure utilized by the company will remain largely the same.“She’s had no hesitation in deciding that during certain moments this past year we should no longer do certain things that we would normally have been able to do, in terms of deploying capital,” says Andrew G. Wiltshire, head of external management at HMC. But he adds that “it’s not like we’re throwing out the old model...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: Despite Tough Year, New HMC Chief Remains Optimistic | 6/3/2009 | See Source »

...University Provost Steven E. Hyman says of the level of philanthropy as of early May. “We’re fortunate to have such generous alumni, but we’re very much in unprecedented territory.”DONOR APPRECIATIONFaust often emphasizes that Harvard is no longer in a position to think as a university with a $36.9 billion endowment, and donors acknowledge that reducing the scope of University activities and ambitions to those that a $24 billion endowment can support is not easy. Most give Faust credit for coping with the unprecedented fiscal challenges thus...

Author: By Athena Y. Jiang and June Q. Wu, CRIMSON STAFF WRITERSS | Title: Donors Express Confidence in Faust’s Direction | 6/3/2009 | See Source »

...this research suggests that while there may be trade-offs between ethical behavior and the pursuit of wealth, morality no longer seems so difficult when we change the goal to be the pursuit of happiness instead. Perhaps the best way to encourage ethical behavior among MBAs is not to frame “acting in an ethical manner” as a sacrifice—in which wealth is exchanged for virtue—but rather as an opportunity for gain through happiness. Ethical behavior (just like unethical behavior) can be born of self-interest. For everyone?...

Author: By James M. Wilsterman | Title: Happiness and Our Ethical Values | 6/3/2009 | See Source »

...thrilled personally, as a gay scholar, to see that Harvard is making a big leap in terms of being able to show an even greater commitment to LGBT studies,” McCarthy said. “It’s the exciting culmination of a longer struggle to gain legitimacy for the study of LGBT people...

Author: By Esther I. Yi, CRIMSON STAFF WRITER | Title: Harvard To Create Endowed Chair in LGBT Studies | 6/3/2009 | See Source »

...According to Kirkland House librarian Allison K. Rone ’06, the House can no longer afford to accommodate as many undergraduates who would have to be paid out of already-stretched House funds...

Author: By Bita M. Assad and Ahmed N. Mabruk, CRIMSON STAFF WRITERSS | Title: House Life Faces Uncertainty | 6/3/2009 | See Source »

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