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...estimated that 35 percent of American soldiers suffer from PTSD, and while officials may insist that incidents like this month’s shooting at Ford Hood are “isolated,” in reality, they are the unfortunate consequence of the trauma suffered by the men and women in our armed forces. Major Nidal Hasan, the latest culprit, would have known this better than anyone, having devoted his life to treating soldiers afflicted with PTSD, an alarmingly prevalent condition in the wake of the wars in Iraq and Afghanistan. That a mental-health specialist would commit such...
Harvard’s endowment—which funded 38 percent of the University’s operating budget in 2009—fell from $37 billion to $26 billion this past year. Harvard and its peer institutions have been criticized for their investment strategies, which rely heavily on hedge funds, private equity firms, and illiquid assets...
According to Bloomberg, the value of Tufts’ endowment fell by 25 percent this past fiscal year, from roughly $1.5 billion to $1.1 billion, after accounting for gifts and payout. Bacow suggested in the article that Tufts would avoid putting money in hedge funds, which he compared to “black boxes,” requiring investors to relinquish control of assets and put their trust in external managers...
...have constrained the University’s cash flexibility, it has defended the long-term viability of its approach. Harvard Treasurer James F. Rothenberg noted in an interview with the Harvard Gazette last month that the University’s investment strategies generated an average annual return of 8.9 percent over the past 10 years, including last year’s financial crisis—far exceeding the annualized 1.5 percent return that would have been generated by a “plain vanilla” portfolio of stocks and bonds...
...statistic that best defined Sacred Heart’s torrid offensive output was its three-point shooting percentage—an astounding 62.5 percent...