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...Fearing that more controversy could lead to regulation, the industry is fighting back. Led by former Bank of England deputy governor Andrew Large, a group of 14 major U.K. hedge funds recently floated a code of good governance that promises greater disclosure to investors by offering more information on the risks funds may be exposed to. The code also calls on hedge funds to voluntarily disclose interests in companies held through indirect investments, to bolster strategies to weather big market swings, and to detail procedures followed in putting valuations on illiquid assets such as subprime debt, among other provisions...
...human heart does not like surprises. In the month after 9/11, incidents of dangerous heart rhythms in cardiac patients around New York City more than doubled. After a major earthquake in Taiwan in 1999, hospitalization for heart attacks skyrocketed around the epicenter. Even an isolated, private event - the sudden death of a spouse, for instance - can bring on grief so severe that sometimes our hearts, quite literally, break...
Last night’s 5-to-2 decision prohibits developers from making major changes to the property without city approval while the study continues over the next year...
...Faculty of Arts and Sciences voted last year to delay concentration choice, some College officials worried that the old advising system would be inadequate for sophomores who, for the first time, would enter Houses without having chosen a field of study. Under the old system, undergradutes picked a major by the end of freshman year. So far, the system has received mixed reviews from students. After her freshman year, Winthrop House resident Eva B. Rosenberg ’10 knew she would concentrate in a humanities discipline but wasn’t sure which one. When she was assigned...
...major oil company is shelling out money for programs at the Kennedy School of Government. A division of Royal Dutch Shell, the world’s second-largest publicly traded oil company, will donate $3.75 million over the next five years to fund energy policy research across the University, the school announced this week. William W. Hogan, the research director of the Harvard Electric Policy Group and an architect of the agreement, said the school has yet to decide precisely how the money will be allocated. “We’re in the process of forming a faculty...