Word: meyers
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...announcement comes two weeks after the departure of former endowment chief Jack R. Meyer, who left after 15 years at Harvard with a team of top HMC executives to form a new hedge fund, Convexity Capital Management...
...Meyer and four of his outgoing colleagues will remain as advisors to HMC until they launch Convexity next year. Rothenberg said earlier this month that he expects Harvard to invest about $500 million of its endowment in the fund...
...Charles oeuvre seems questionable. But while his twistedly vertical guitar style may have conflicted with the source material at times, nearly everyone at the show thought it was a success. This past Thursday and Friday, John Scofield (guitar/mastermind), John Benitez (bass), Steve Hass (drums), Gary Versace (keys/Hammond) and Meyer Statham (vocals/trombone) played four shows at the Charles Hotel’s renowned Regattabar jazz club. The shows were part of a 17-date tour in support of Scofield’s latest album, entitled “That’s What I Say—JS Plays The Music...
It’s not hard to deduce that Harvard is having a tough time finding a replacement for Meyer. The process has gone on for 10 months and nobody has been found, leading to a rocky transition durring which Peter A. Nadosy ’68 has temporarily taken over while Meyer & Co. are acting as advisers. Additionally, several news sources have reported that a variety of people have turned down the Harvard job. Although University treasurer and HMC board chair James F. Rothenberg ’68 said the process of finding Meyer’s successor...
Compared to this alternative, the price that Harvard pays for HMC to manage the endowment looks like a steal. In fact, Meyer told The Crimson that, for last year’s compensation, Harvard paid out a base fee of .26% plus incentives (positive or negative) on the nearly half of Harvard’s endowment that HMC manages. Given the disparity between the market rate and HMC’s rate—the first nearly double the second, according to Meyer—alumni have no basis for complaining about the salaries paid to HMC?...