Word: putnam
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When George Putnam '49 replaced George F. Bennett '33 as Harvard's treasurer in 1973, he quickly began thinking about the reorganization of the University's financial structure. Since 1948, State Street Research and Management, a firm headed by Bennett, had handled Harvard's money. Rejecting the possibility of maintaining the status quo. Putnam instead created a hybrid of two other models for managing large funds: splitting up the portfolio among several investment firms, and creating an internal investment management company...
...Putnam named Walter M. Cabot '55 president of HMC in February 1974, and Cabot soon began interviewing more than 100 interested firms to fill the outside manager postions. He selected five of them that year and commented. "It is my earnest hope that the partnership approach of a close professional relationship will produce better long-term investment results for the entire endowment than the common practice of having separately managed pools with little interrelation with one another or with the group as a whole. At Harvard, we are stressing cooperation rather than competition among managers to produce the best overall...
...study, conducted by the Cambridge firm of Putnam. Hayes & Bartlett, found that during the 1979-80 school year...
Dottin then asked Holt to present his driver's license, which Holt said he had forgotten along with his wallet at his home at 177 Putnam, a few blocks away. Holt said Dottin then acted "very much out of control" by first beginning to handcuff him, then stopping and finally commenting on Holt's statement that there was no need to use profanity by saying" "Fuck, do you hear that" six inches from his face before letting him go without arrest...
...Dottin related a different story concerning the arrest. Dottin said Holt "got very loud" upon his return to Putnam and Kinnaird. "I was very upset with his attitude," he said, adding that Holt created a disturbance which attracted the attention of construction workers and necessitated the arrest...