Harvard

  • News

    Lisa Maria Falcone Is Not The Only One In The Family With An Eye For Fashion

    In our long and highly scientific study into the lives of Harbinger Capital couple Phil and Lisa Falcone, one thing we’ve determined is that Lisa, God’s gift to us, is not your typical hedge fund wife. For instance, most of these women would not commandeer a conference room at their husband’s office blasting music with […]

    / Sep 29, 2010 at 12:23 PM
  • News

    Former Lehman Brother On The Difference Between Fixed Income Guys And Equity Guys

    The culture of the employees, the trading floor [as depicted in Money Never Sleeps]…I thought all that was pretty good, though some of the machines looked funky. And those equity guys were portrayed very accurately, like the lugheads that that know their stories on a couple of [stocks]. At Lehman the difference between equity floor […]

    / Sep 24, 2010 at 3:59 PM
  • News

    Harvard Endowment Back In The Saddle

    A year after a disastrous 27 percent decline that prompted layoffs, salary freezes and a halt to some campus expansion, the Harvard endowment on Thursday reported a solid 11 percent increase in its $27.4 billion endowment portfolio for its fiscal year ended June 30. In her first year as head of the Harvard Management Company, […]

    / Sep 9, 2010 at 5:08 PM
  • News

    Lloyd Blankfein: The College Years

    LB circa 1975. [via BI]

    / Sep 7, 2010 at 11:46 AM
  • News

    Harvard Undergrad Who Inspired The Big Short Hoping To Change Wall Street From The Inside

    A word of advice to any asshats currently hard at work figuring out how to cause the next financial crisis: AK Barnett-Hart is watching you. In fact, you’re the reason the second year investment bank analyst, who wrote her senior thesis about the market for subprime mortgage-backed CDOs (which Michael Lewis called “more interesting than […]

    / Mar 15, 2010 at 6:25 PM
  • News

    Eliot Spitzer Needs Our Help

    Eliot Spitzer is scheduled to deliver a lecture tomorrow at Harvard. The topic: ethics. Unfortunately, some people would rather the event not come to pass. Namely, Kristin Davis, the hedge fund employee-cum-Madam who personally scheduled a slew of Spitzer’s appointments back in the day. What has she done about it? Written a letter to Harvard […]

    / Nov 11, 2009 at 4:14 PM
  • MBAs, News

    HBS Grad: The Fewer Harvard Business Alums Out There, The Better

    For the good of the market, encourage your MBA-candidate friends in Cambridge to pursue careers in the cross-dressing and law enforcement fields. 2009 Harvard MBA Indicator Shifts to ‘Neutral’ [PDF] A Contrary Indicator On MBA’s And Stocks [DealBook]

    / Nov 6, 2009 at 12:23 PM
  • News

    Park The Car In Harvard Yard We’re Going To A Party

    Obviously, bold displays of ostentatious wealth, power, elitism, or exclusivity seem misplaced in the present environment. So much so that one wonders if, some years hence, we might not look back on this period as the “anti-too-big-to-fail” period. Or the “anti-big” period. Or the “anti-too” period. Or just a reactionary spasm of frothing (and highly […]

    / Aug 6, 2009 at 6:32 PM
  • News

    He Was Wearing My Harvard Tie. Can You Believe It?

    Poor, poverty-stricken Harvard. Gazing at 30% losses for their latest fiscal year and the tatters of a management team for the endowment, it is unsurprising that they would start trying to fill the ranks. You have to like their chances. It would be pretty hard to look all that bad given the endowment’s recent performance, […]

    / Aug 5, 2009 at 1:10 PM
  • MBAs, News

    They’ve Got It Laminated On Little Cards So You Know This Is Serious

    Just wanted to pop in and tell you not to fear that tomorrow’s business leaders will get us into another sticky situation, ’cause Harvard MBA students, like the ones above, are now taking an oath promising not to do anything wrong, like some alums from their school. The MBA Oath FULL VERSION Preamble As a […]

    / May 30, 2009 at 12:52 PM
  • 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

    Memories….

    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

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