Word: mutuality
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Along with Harvard, six other New England employers made the list, including Massachusetts Mutual Life Insurance Co. in Springfield, Mass. and Yale-New Haven Hospital in Connecticut...
Summers knew that Shleifer’s wife, Nancy Zimmerman, was running a mutual-fund company in Russia—it was the country’s first—and told his friend to be careful. But the conversation, Summers told the assistant district attorney, didn’t go much further. “It wasn’t my habit to do U.S. government business on beaches,” he said...
...Unlike mutual funds, the closed-end funds in Harvard’s crosshairs offer a set number of shares that trade freely on the stock market...
...While mutual funds maintain a certain price for the entire day of trading, the shares of closed-end funds fluctuate in price according to supply and demand, like most publicly-traded stocks...
Virtually all of the proposals for changes to closed-end funds are submitted by private hedge funds and other investment firms, according to a list provided by Alex Pulisic, senior mutual fund analyst for U.S. Research at Rockville, Md.-based Institutional Shareholder Services (ISS), a firm that publishes recommendations for shareholder proposals...