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Monday, August 06, 2007

Harvard: Forthcoming as Always

From an article in the Harvard Crimson:


'University spokesman John D. Longbrake declined to comment specifically on Sowood’s collapse [and Harvard's "staggering loss," writes the Crimson reporter, "of at least a quarter of a billion dollars"], but said that hedge funds are just one of the methods by which Harvard protects against investment losses.

“We manage our risk using several instruments, including direct hedges, market hedges, and diversification,” he said.'

Posted at: 8/06/2007 12:16:00 AM