Word: managerized
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Some types of resolutions are binding, including Harvard’s campaign last summer to terminate the manager of Korea Equity Fund. The proposal would have been binding had it won 51 percent of the vote, says Megan Kelleher, general counsel at Sowood Capital Management, which handled the campaign.
Larson, while still at HMC, was portfolio manager for Harvard’s investment in the fund and mulled taking action to seek new management and greater performance, Kelleher says. When he spun off his team from HMC in July 2004 to form Sowood, Larson took with him the management...
Last spring, Sowood filed a statement with the Securities and Exchange Commission (SEC) on the University’s behalf, urging shareholders to support a Harvard proposal that the fund be liquidated and severed from Nomura Asset Management, its investment manager. Liquidating the fund would distribute its underlying investments to...
But Allan Powell, general manager of the Coop, said that coursepack pricing was not up to the printers.
The Boston Red Sox were battling the Cleveland Indians in the ALDS that fall, and a very public and controversial dispute arose over who should be Boston’s starting pitcher for Game Four. Pedro Martinez seemed to be the obvious choice, but manager Jimy Williams stunned Red Sox...