Word: putnam
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...George Putnam '49, treasurer of Harvard College, said that he knew of no gifts or bequests to Harvard that specify an undergraduate swimming test as a requirement...
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...
...last year when Bennett announced his retirement, and the Corporation decided it was time for a change in management companies, Putnam and President Bok began to look for ways of cutting the cost of outside management. The Harvard Management Co. will no doubt be cheaper in the long run than finding outside firms for the whole endowment...
...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...