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...wrote Mendillo, who took the helm at HMC only last summer. The decline—the largest ever experienced at HMC, which manages Harvard’s endowment—was not unexpected, and administrators have been planning for a 30 percent decline since December. Many peer institutions have been anticipating similar losses...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: Harvard Endowment, Largest in Higher Education, Plummets by 27% | 9/10/2009 | See Source »

...index fell roughly 28 percent during the period addressed by Mendillo’s letter, while peer investment groups as measured by the Trust Universe Comparison Service saw a softer median loss of 18.2 percent...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: Harvard Endowment, Largest in Higher Education, Plummets by 27% | 9/10/2009 | See Source »

When markets plummeted across the board last fall, Harvard, along with many other investors and peer institutions, sought to reduce exposure to those illiquid, alternative assets and instead boost cash reserves for operations. Private equity holdings are especially taxing since they often require ongoing and continued capital commitments from investors...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: Harvard Endowment, Largest in Higher Education, Plummets by 27% | 9/10/2009 | See Source »

...help build a business in a developing country, try peer-to-peer lending. Kiva.org started the trend, which lets you lend as little as $25 to the entrepreneur of your choosing and track the recipient's progress online. Now there are specialized sites like Wokai.org, which provides microloans in rural China. Wokai is Mandarin for "I start...

Author: /time Magazine | Title: New Ways to Make a Difference | 9/10/2009 | See Source »

...Shemesh, an isotope expert at the Weizmann Institute who was also called as a defense expert. In the end, using this kind of evicence is a numbers game - figuring on averages of statistics over which all the experts disagree. Says Shemesh: "Scientific debates should be discussed and resolved in peer-reviewed literature and scientific conferences, not in court...

Author: /time Magazine | Title: The Burial Box of Jesus' Brother: Fraud? | 9/5/2009 | See Source »

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