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...addition, Meyer outlined a clear schedulefor asset allocation, known as a policy portfolio,to cover the next several years. And he announcedplans to scrap the widely used standard againstwhich HMC had long measured its performance--aconventional "vanilla portfolio" of stocks andbonds--in favor of a new system of internalbenchmarks based on the policy portfolio...

Author: By Stephen E. Frank, CRIMSON STAFF WRITER | Title: Harvard's Endowment Returns Outpaced by 71% of Universities | 11/9/1992 | See Source »

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