Word: tohmc
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Critics of the management company were not asoptimistic, however. One finance expert close toHMC said last night that, despite a poor market inreal estate and commodities, Harvard's performancehas lagged behind the industry average...
...President Jack R. Meyer has told theCrimson that is "pleased" with Aeneas' performanceand with that of its managing partners. And whileestimated that Aeneas has averaged a rate ofreturn of approximately 12.5 percent on itsinvestment over the last decade as opposed toHMC's overall average of approximately 13.5percent, he attributed the lower profits to "toughtimes" for private placements. Sperling andEisenson estimated Aeneas' average returns asabout 14 to 15 percent...
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