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Harvard and its two co-defendants are in settlement talks with a Maine mutual fund company that alleges in its own suit that it too was defrauded by the leaders of a Harvard-run economic advising program in Russia...
...suit alleges that Hay and Shleifer used their influence to secure for Forum the rights to Russia’s first mutual fund, and then forced its owner, John Y. Keffer, to sell his interest in the fund...
Evidence released this summer details investments made by Shleifer and his father-in-law in Russian equities, Hay’s investment in a mutual fund with holdings entirely in Russia and Hay’s involvement in his girlfriend’s efforts to create the first Russia-based mutual fund...
...story goes, Shleifer invested $464,000 in Russian oil companies, securities and equities—an overlap with the area of the Russian economy that he was helping to develop, while Hay put $20,000 into a mutual fund that invested in Russian equities. Hay, it is claimed, also gave a $66,000 check to Shleifer for Russian investments. The woman Hay is now married to, his girlfriend at the time, was the primary owner of the Pallada Mutual Fund Management Company—the first fund registered to sell to the Russian public. Through HIID, Hay oversaw such registrations...
...BGLTSA and BOND have come to see our roles on campus as complementary, rather than competitive. Our evolution from “turf war” to a relationship of mutual support allows us to work together in affording GLBTQ students a panoply of opportunities for both social and political engagement. In the future, we would ask The Crimson to give credit where credit is due—discuss past schisms in light of the bridges that have been built across them. We encourage The Crimson to explore the challenges and possibilities facing GLBTQ campus organizations today, rather than exorcising...