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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...
...global economic shift,” said Murphy, who is also chair of the state’s House Ways and Means Committee. “Things will bounce back, but we are a long way away from that.” Kirwan said that at the start of Governor Deval Patrick’s term, the deficit stood at $1.3 billion. She estimated that within a few fiscal years, this amount would rise to approximately $3.5 billion. The Massachusetts state budget, according to the speakers, is very reliant on capital gains tax revenue, which has decreased...
After a slow start, Rogers has been on an absolute tear over the past few weeks. His slugging percentage stands at a whopping .729. He’s hit five homers and has driven in 19 runs. He leads his team in every major hitting category...
After his sluggish end to last season, consistency has also been a focus for Douglas. He is the only player to start every game and continues to lead by example with his work ethic...
...Rattner's aims are less clear. He started as a reporter at the New York Times in the 1970s and left to begin a successful career as a media-business dealmaker on Wall Street. His lifestyle is the envy of many who have watched his career, which also got its start at Lazard Frères - he has the fancy cars, the Fifth Avenue apartment and homes in Westchester and on Martha's Vineyard. A major Democratic donor, Rattner's brains and ambition have propelled him to the top, but he has made enemies along...