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...Chief Investment Officer. Real assets as a whole—which include liquid commodities, real estate, and timber and agricultural land—represented 26 percent of the endowment in 2008, according to a Harvard financial statement. Last year, the real estate portfolio provided returns of 3.2 percent??beating the HMC board-approved benchmark of 2.4 percent. Cummings, a Chicago and Dartmouth graduate, said in the University statement that he was “honored to be joining such a world-class group of investment managers,” and that he looked forward to furthering Harvard?...
...this semester to reduce annual FAS departmental budgets and annual House budgets by 15 percent was a difficult concession, but likely sensible in the current environment. The recent announcement, however, that each of Harvard’s 12 Houses will be required to cut spending by an additional 10 percent??25 percent in full—is especially regrettable, considering the vital role that House life should play in the Harvard undergraduate experience...
Harvard College plans to increase the amount of financial aid dollars for next year by 18 percent??a figure exceeding even the Financial Aid Office’s earlier expectations. Other institutions including Princeton, Dartmouth, and Cornell will also see double-digit percentage increases in the amount of aid distributed...
According to the Boston Globe, officials at Northeastern say that “99 percent?? of its students have also received the required vaccination as mandated by Massachusetts law. The University is offering free shots to the remaining one percent on campus...
...Smith also announced that 153 of the 521 eligible FAS staffers have accepted the early retirement incentive package, yielding a participation rate of about 30 percent??double that of a similar program recently conducted at Dartmouth. In the next few days, the administration will begin to analyze the savings of the program, which drew to a close Monday, according to Smith...