Don't Trust Snakes: Heh, heh . . .

<body><script type="text/javascript"> function setAttributeOnload(object, attribute, val) { if(window.addEventListener) { window.addEventListener('load', function(){ object[attribute] = val; }, false); } else { window.attachEvent('onload', function(){ object[attribute] = val; }); } } </script> <div id="navbar-iframe-container"></div> <script type="text/javascript" src="https://apis.google.com/js/platform.js"></script> <script type="text/javascript"> gapi.load("gapi.iframes:gapi.iframes.style.bubble", function() { if (gapi.iframes && gapi.iframes.getContext) { gapi.iframes.getContext().openChild({ url: 'https://www.blogger.com/navbar.g?targetBlogID\x3d12988030\x26blogName\x3dDon\x27t+Trust+Snakes\x26publishMode\x3dPUBLISH_MODE_BLOGSPOT\x26navbarType\x3dBLUE\x26layoutType\x3dCLASSIC\x26searchRoot\x3dhttps://donttrustsnakes.blogspot.com/search\x26blogLocale\x3den_US\x26v\x3d2\x26homepageUrl\x3dhttp://donttrustsnakes.blogspot.com/\x26vt\x3d-4673447362931781663', where: document.getElementById("navbar-iframe-container"), id: "navbar-iframe", messageHandlersFilter: gapi.iframes.CROSS_ORIGIN_IFRAMES_FILTER, messageHandlers: { 'blogger-ping': function() {} } }); } }); </script>

“I know where I'm headed.”

ROGER THORNHILL

Wednesday, August 01, 2007

Heh, heh . . .

Harvard’s endowment has been cited as a model for achieving high-growth rates, but one investment choice led to a staggering loss of at least a quarter of a billion dollars late last week after the collapse of former Harvard Management Company (HMC) bigwig Jeffrey B. Larson’s hedge fund.

Larson’s fund, Sowood Capital Management, received an initial investment of $500 million from the University when he left in 2004. On Monday, Sowood sent letters to its investors explaining that the $3 billion fund suffered losses of more than 50 percent and had to sell off its assets to the Citadel Investment Group. - Harvard Crimson, August 1, 2007

. . . they said "Sowood".

0 Comments: