|
|
Article: Harvard Management proves closed-end player
- Article from:
- The Boston Globe (Boston, MA)
- Article date:
- October 16, 1997
- Author:
CopyrightCopyright 1997 The Boston Globe. Provided by ProQuest LLC. (Hide copyright information)
|
Harvard Management Co. thinks it has a pretty good investment
idea. But like any other good investor, it would just as soon not
share it with the rest of us.
In a world where the big institutions usually don't play, Harvard
Management has quietly built a position as one of the largest -- if
not the largest -- holders of closed-end funds.
According to an analysis done for us by CDA/Spectrum, a Rockville,
Md., research firm, Harvard Management, the investment arm of Harvard
University, owned more than a half-billion dollars in closed-end
funds at the end of June -- and that does not include its substantial
stake in funds registered in London and elsewhere outside the United
States.
The numbers ...