Word: yielding
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Dates: during 1990-1999
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Meanwhile, fund managers at the Harvard Management Company (HMC), which manages Harvard's $11.2 billion endowment, continue to pursue the highest yield, officially relieved of the burden of making ethical choices...
These pledges seemed to work--an 80 percent admissions yield had the potential to blunt arguments for changes in the aid policy...
...remains to be seen whether, without the urgency which a drop in yield would have created, Harvard's final move will be as generous as those of its competitors...
Officials will commit to few other details about next fall's changes. The worry remains that, without a dire drop in admissions yield, the University might only be as generous as it needs...
Instead of offering a generous new system of aid, an 80 percent yield may mean Harvard can avoid sweeping changes because "shouting distance" seems--at least for the moment--close enough...