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Convexity raised its funds by marketing itself to endowment and foundation fund managers, according to the newspaper Pensions and Investments on Friday. The publication also reported that Convexity told prospective investors that it will not accept more than $1 billion per year during the upcoming three years in order to avoid becoming too large, which can be cumbersome for fund managers...
Meyer oversaw Harvard’s endowment through a period of growth from 1992 to 2005, during which endowment growth averaged more than 15% per year and total endowment assets multiplied from $4.7 billion to $25.9 billion...
...addiction to oil.” Possibilities include a gas tax, increased subsidies for hybrid vehicles, or penalties for gas-guzzling SUVs. With the right economic incentives, consumers would be happy to pull up to the 76 or Mobil station only every other month in 100-mile-per-gallon, plug-in hybrid cars. According to a 2004 report from the Congressional Budget Office, it is estimated that a gasoline tax of 46 cents a gallon, up from today’s federal tax of 18 cents, would reduce gasoline consumption by 10 percent over the next 14 years. We would...
...eight border patrol stations along the Texas-Mexico border, Customs and Border Patrol last month published an open request for bids from contractors who could provide 9,000 frozen beef and bean burritos per month to feed detained aliens. The request, found on the Federal Business Opportunities website under the title "Alien meals for Del Rio border patrol section," asks for boxes of five-ounce beef and bean burritos, individually wrapped and frozen to be delivered at least twice a month. The Eagle Pass border station, located on the banks of the Rio Grande, has the highest demand...
...Alba near the left post for a 1-0 lead. “I think I caught myself by surprise,” Maki admitted. “I definitely caught the goaltender by surprise. “I didn’t really aim it, per se,” he added, laughing. “I certainly didn’t pick a corner or anything.” But it worked. After launching just six shots on goal during that first period in Meehan Auditorium, the Crimson (12-8-2, 9-7-1 ECAC) managed...