Word: maintainence
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...come to a head in the past. The ballooning growth of Harvard’s endowment to surpass $10 billion in 1997, Meyer says, prompted the board to review HMC’s structure to determine whether a restructuring or outsourcing was needed. In the end, Harvard elected to maintain its in-house investment outfit because the board determined that, even with its problems, HMC was still the most practical group to manage the endowment...
Meyer says that his successor will have a number of options for the direction to take Harvard’s endowment. One possibility, he says, is that the new CEO could choose to maintain internal management for some assets, but increase the use of outside managers, changing the mix from 50 percent invested externally to, say, 65 percent. Another potential choice facing the CEO is for Harvard to invest securities through hedge funds via external managers but focus its in-house efforts on asset classes like timber...
...assistant professor of today will be the full professor of tomorrow. We will, of course, maintain very high standards for promotion. But it is a common misperception that achieving tenure at Harvard is inconceivably difficult, if not impossible,” he continued...
Harvard could not maintain the offensive surge when it returned home, though, as Vermont downed the Crimson 1-0. Harvard managed two goals in the next three games and went 1-2 during the lull...
...surprise of the season was to be able to put six newcomers in and still maintain such great team chemistry,” Harvard coach Jennifer Weiss said. “That comes from the maturity of the upperclassmen...