Word: quarterly
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...grow overseas businesses. Recent purchases by Chinese financial institutions have not turned out well. Insurer Ping An, which paid $3.5 billion for around 5% of Fortis, a European financial group, has decided to write off most of that investment after Fortis' share price fell 78% in the fourth quarter...
...good position thanks to Jane’s work,” says Deborah F. Kuenstner, Wellesley’s current chief investment officer. “She’s very good at thinking about the endowment in a long-term context—not just [in] this quarter or this year.”For much of her tenure at Harvard thus far, Mendillo has worked from dawn to dusk to not only salvage whatever returns remain in a dismal financial landscape, but also to take advantage of investment opportunities that may emerge as the storm calms...
...April, the administration was asking House Masters to submit budgets to accommodate a 25-percent reduction, which led both House administrators and students to voice concern over slashing a quarter of an already sparse budget...
...Since budgets are still uncertain, most Masters remained hopeful that changes to House life would be minimal and said they would oppose implementing a 25-percent budget cut if that were to become a formal mandate. Losing a quarter of House funds would “drastically affect daily life in practice,” Pertile says...
...years after it was declared a UNESCO World Heritage Site, Tel Aviv's historic Bauhaus quarter finally has a hotel that lives up to the accolade: the 12-room Hotel Montefiore, hotelmontefiore.co.il...