Word: meyering
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...Meyer said yesterday that he is not concerned about the precipitous sell-off in the markets since they reopened after the attacks last week...
This year's end“As we cautioned in last year’s letter, we didn’t think the double-digit positive returns would persist forever,” HMC President Jack E. Meyer said in an interview yesterday. “Nonetheless, I’m disappointed to finish the year in negative numbers...
...Meyer, who stays in close contact with his Yale counterpart, Yale Management Company President David Swenson, said that Harvard and Yale have had similar returns in recent years, although Yale’s higher valuation of lucrative private equities and more successful absolute returns last year helped them show an overall increase...
...Yale certainly outperformed us last year,” Meyer said...
While Harvard’s overall return was negative, Meyer said that the endowment’s managers still surpassed their annual targets. While the S&P 500 Index lost 10.9 percent last year, HMC’s domestic equities only lost only 4.6 percent...