… to a university with a hedge fund down the street.

Insanely rich obsessively money-hoarding Harvard (closing in on $40 billion) is jest ’bout fit to burst with all that dough; and some folks – I mean, hah hah, jest some folks, but, still, some folks – been saying that they got themselves so “fat, rich, and stupid” (says here) that they jest don’t know what all to do with it (ain’t like there’s a world of pain out there they might give some of it to or whatever!) so they been handing it out like candy to anyone who happens to work at the investment fund…

And well that plus other shit that tends to attach to the ownership by one university – one anything – of forty billion dollars seems to have embarrassed Harvard to the point where they’re kind of trying to make it all go away by outsourcing their investment activity.

Now UD‘s here to tell you that Harvard’s gonna be disappointed if it thinks that a non-profit which hoards obscene wealth except for what it hands out in twenty-million-dollar a year salaries to its investment managers will be less noticeable to journalists and alumni and the tax-paying public after it moves this activity off campus. UD wants you to know that Harvard’s greed and depravity – and the absurd lengths to which it goes to maintain this greed and depravity – will continue to be front and center, wherever it locates itself.

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5 Responses to “Harvard Goes from Being a Hedge Fund with a University Attached…”

  1. contingent cassandra Says:

    Oh,my. Thanks for the heads up. There was some pushback during the overseers election last year, but it doesn’t look like it got anywhere (http://www.thecrimson.com/article/2016/5/24/overseers-results-come-in/ ). Time to try again.

  2. Margaret Soltan Says:

    contingent cassandra: You’re welcome.

  3. john Says:

    Stupid compensation schemes for investment managers is a different issue than doing with endowment funds what they were given for.

  4. Margaret Soltan Says:

    john: Yes – I was rather mashing together a bunch of things.

  5. dmf Says:

    http://www.slate.com/articles/podcasts/slate_money/2016/05/slate_money_on_finance_home_ownership_and_stock_buybacks.html

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