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...when they invest in hedge funds,” Levin said in a statement. “These rules were never meant to apply to this kind of transaction, and there is little reason to fear abuse.” Harvard’s endowment, which has roughly 15 percent of its holdings invested in hedge funds, according to publicly released financial documents, would receive a “tangible benefit,” according to Levin. Matt Hamill, senior vice president of the National Association of College and University Business Officers, said the bill...
...even hostile toward matters of race and inclusion,” Gates wrote in an e-mail yesterday. “Rather than engage in a protracted battle for recognition, people simply sat that administration out.” Summers declined to comment for this story. Only 5.8 percent of Harvard’s non-teaching staff are black, Gates wrote. According to the 2007 report on faculty development and diversity, only 1.2 percent of ladder faculty in the natural sciences are black. There was only one black tenured professor in the humanities, according to the report...
Currently, HBS admits roughly 20 graduating seniors a year to its MBA program, and also requires two years in the workplace before matriculation. Kimmel said HBS plans to eventually admit 90 MBA students—10 percent of each class—through the 2+2 program...
...returns under El-Erian, HMC was not completely immune to this summer’s financial crisis—the endowment lost $350 million in July when Sowood Capital Management, a hedge fund founded by former HMC manager Jeffrey B. Larson, collapsed. But overall, HMC made gains of 0.4 percent that month...
Galluccio took 47 percent of the vote, including 60 percent in Cambridge, according to campaign officials...