• News

    Larry Summers Can Fix This

    There’s a lengthy article in Boston Magazine about how Harvard has been hemmoraging money (the endowment has lost $11 billion, bringing it down to 2005’s mere $25 bill, due in no small part to Harvard Management Company, which one alum privy to the details of the school’s balance sheet told the author, “took the university […]

    / May 29, 2009 at 9:51 AM
  • News

    Fast Times At Harvard Management Company

    Of course, it is pretty easy after the fact to point fingers and cast aspersions. But when what would appear to be a pattern of laxity, misfeasance and perhaps even malfeasance begins to emerge out of the mist, well, things become harder to dismiss. It seems part of the culture of the crisis that the […]

    / Apr 23, 2009 at 4:51 PM
  • Heard in the Suite

    Don’t Even Try To Blame Harvard For This Mess

    Muffie Benson-Perella (muffie AT muffmarkets.com) was an Associate in the Investment Banking Division of a “Bulge Bracket” bank. She holds a B.A. in French and Art from Vassar College and an M.B.A. from Harvard Business School. She concentrated in Contemporary French Poetry at prep school where she was awarded the exclusive premiership of the school’s […]

    / Apr 3, 2009 at 2:25 PM
  • News

    The Lava-Like Flow Of Hot Tips Continues

    We have no idea what the cause might be. Friday? Boredom? Unemployment? Whatever the case, the tips are pouring in to the Bess Levin hot tips hotline(tm). Ironic that this should happen on the afternoon when Bess is on assignment. The latest: Harvard Management Co will be laying off 25% of its staff.

    / Feb 6, 2009 at 12:55 PM
  • News

    Park The Car In Harvard Yard

    The Wall Street Journal is reporting that “Six top Harvard endowment managers were paid a total of $26.8 million for the fiscal year ended June 30.” It should be pointed out that the endowment fund earned returns just south of 9% through June 30th next to double digit negatives for the S&P 500. Not bad. […]

    / Dec 19, 2008 at 2:55 PM
  • News

    My Endowment Is Still Bigger Than Yours

    Remember when everyone wanted to be able to invest “like Harvard” does? (Of course this really just translated to a massive move into equities and increasing reliance on hedge funds and managers). In retrospect, you could easily called the top for endowment investing by noticing the sudden surge in related books. Between Foundation and Endowment […]

    / Dec 3, 2008 at 9:10 AM
  • News


    Remember the good old days? The latest financial sporting fad was predicting the imminent death of private equity. LIBOR meant something. Someone was going to make a killing in commodities, you’ll see. Endowments were the BSD’s to emulate on the buy side. Yeah, that’s definitely over with this news: The dean of Harvard’s Faculty of […]

    / Nov 26, 2008 at 10:37 AM
  • News

    Citi To Score Board Member With Financial Acumen

    Barring any last minute violent protests from certain shareholders (Alwaleed) who’ve gotten comfortable with a precipitously falling stock price, Citi is reportedly thisclose to announcing that Harvard Business School dean Jay O. Light will join its board. Though his expertise would be a sharp departure from that which has guided big C of late, the […]

    / Jul 9, 2008 at 10:49 AM
  • continuing education, politics, Regulators

    Comcast Packed The Net Neutrality Debate At Harvard

    Yesterday a cameraman for the Free Press caught two members of the audience napping during an FCC hearing on net neutrality at Harvard Law School. Now we don’t blame them for snoozing through a meeting about net neutrality–our eyes glaze over just thinking about it–but it does raise the question: why would you go to […]

    / Feb 26, 2008 at 3:43 PM

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