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Word: sowood (lookup in dictionary) (lookup stats)
Dates: during 2000-2009
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...Larson left HMC in 2004 with a $500 million initial investment from Harvard to start his own hedge fund, Sowood Capital Management. But Sowood collapsed in 2007 due to heavily leveraged investments in corporate debt—making national headlines as one of the first high-profile hedge fund implosions of the subprime mortgage crisis—costing Harvard $350 million...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: HMC Analyst Questions Dismissal | 3/31/2009 | See Source »

...median return of -4.4 percent over the year. Financial markets have declined dramatically in the past 12 months as the effects of high rates of home loan defaults tore through the economy, wiping out billions in capital. Among the first casualties of the distress on Wall Street was Sowood Capital Management, a Boston-based hedge fund founded by ex-Harvard investment managers, that folded last July and took $350 million of Harvard’s money with it. Despite this early blow, Harvard Management Company, which invests the University’s endowment, credited its practice of monitoring external investments...

Author: By Clifford M. Marks and Nathan C. Strauss, CRIMSON STAFF WRITERS | Title: Harvard Bests Market Turmoil, Clocks 8.6 Percent Endowment Growth | 9/12/2008 | See Source »

Denham, which is headed by former Harvard Management Company (HMC) Vice President Stuart Porter, was spun off in June from Sowood Capital, an investment fund backed by an initial pledge of $500 million from Harvard and headed by Jeffrey Larson, another former HMC vice president...

Author: By Nathan C. Strauss, CRIMSON STAFF WRITER | Title: Harvard Funds ‘Green’ Co. | 11/20/2007 | See Source »

Shortly after Denham cut ties with Sowood, Larson’s fund closed its doors amid heavy losses in the credit market, marking a loss of $350 million for Harvard’s endowment...

Author: By Nathan C. Strauss, CRIMSON STAFF WRITER | Title: Harvard Funds ‘Green’ Co. | 11/20/2007 | See Source »

Despite strong returns under El-Erian, HMC was not completely immune to this summer’s financial crisis—the endowment lost $350 million in July when Sowood Capital Management, a hedge fund founded by former HMC manager Jeffrey B. Larson, collapsed. But overall, HMC made gains of 0.4 percent that month...

Author: By Claire M. Guehenno and Laurence H. M. holland, CRIMSON STAFF WRITERSS | Title: HMC Chief Steps Down | 9/12/2007 | See Source »

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