Word: portfolios
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Dates: during 1970-1979
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...week their distrust for a long tradition of chummy money management which led George F. Bennett '33 to serve simultaneously as Harvard's treasurer, president of the company that handles the University's $1.4 billion endowment, and a director of several corporations which form multi-million segments of that portfolio...
...other key posts Anthony Wedgwood Benn, 48, resumed his old responsibilities as Minister for Industry; Shirley Williams, 43, was given a new portfolio of Prices and Consumer Protection; and Roy Mason, 49, becomes Defense Secretary. As his personal economic adviser, Wilson chose millionaire Socialist Harold Lever, 60, who is known and respected in international financial circles...
Cabot, senior vice president of Wellington Management was officially appointed Wednesday. The announcement came only hours after George Putnam '49, treasurer of the University, was notified that the establishment of a separate management company, wholly owned by the Corporation, would not endanger the tax-exempt status of Harvard's portfolio...
...Putnam are also concerned with efficient management and investment policy based on sound financial dealings, and the Corporation therefore will have outside companies handle the $4-million segment of the portfolio that Cabot will...
Putnam said this week that three to five firms would be chosen to handle this smaller chunk of the portfolio. This will provide Putnam and the Corporation with a convenient yardstick with which to measure the performance of Cabot and the Harvard Management...