Word: percents
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Today, HMC’s Policy Portfolio aims to include a positive cash reserve of 2 percent, whereas the University had previously been borrowing a small percentage of additional money to invest—a practice that can augment gains but also magnify losses...
...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...
...whole, the endowment performed 2.1 percent worse than the Policy Portfolio—a theoretical portfolio set by HMC specifying allocations and setting performance goals among a mix of asset classes. But certain individual assets have performed well. The report noted that the value of Harvard’s real asset holdings fell by 37.7 percent—slightly less than the benchmark—and that internal emerging markets and international fixed income teams outperformed their benchmarks as well...
...that the upswing in job postings may be the result of delaying postings to provide a safety net for those who might later face layoffs. But when asked about the hiring spike, University spokesman Kevin Galvin pointed out that the number of jobs currently available at Harvard is 30 percent less than a year ago, and that Harvard hiring is cyclical and tends to be higher during the academic year. Galvin emphasized that laid off union workers will receive full pay and benefits through November, and that University case managers are continuing to aid affected employees in finding new jobs...
...will no longer offer students free memberships to Rosetta Stone, a self-study language computer program. Year-long subscriptions to the program, which had been available free of charge exclusively to students for the past two years, will now be available to both students and staff for $110, 20 percent of the $539 market price. According to Associate Dean Robert G. Doyle, free access to Rosetta Stone had not previously been available to staff because funding only covered students. The LRC had been willing to pay full price for the second year of subscription for student access, but because...