Word: tojumpstart
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...dramatic shift came too late tojumpstart HMC's lagging returns--just as foreignstocks started to level off. In fiscal 1992,Harvard earned a paltry 1.3 percent on its foreignequity holdings, compared to 14.4 percent on U.S.stocks. Meanwhile, Harvard's holdings in thespeculative real estate and commodities sectors,staked out in the early 1980s under Cabot, werepummeled, the victim of depressed markets and poorinvestment choices...
...dramatic shift came too late tojumpstart HMC's lagging returns-just as foreignstocks started to level off. In fiscal 1992,Harvard earned a paltry 1.3 percent on its foreignequity holdings, compared to 14.4 percent on U.S.stocks. Meanwhile, Harvard's holdings in thespeculative real estate and commodities sectors,staked out in the early 1980s under Cabot, werepummeled, the victim of depressed markets and poorinvestment choices...
...dramatic shift came too late tojumpstart HMC's lagging returns--just as foreignstocks started to level off. In fiscal 1992,Harvard earned a paltry 1.3 percent on its foreignequity holdings, compared to 14.4 percent on U.S.stocks. Meanwhile, Harvard's holdings in thespeculative real estate and commodities sectors,staked out in the early 1980s under Cabot, werepummeled, the victim of depressed markets and poorinvestment choices...
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