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Article: Defining moment for Harvard Management
- Article from:
- The Boston Globe (Boston, MA)
- Article date:
- May 21, 1998
- Author:
CopyrightCopyright 1998 The Boston Globe. Provided by ProQuest LLC. (Hide copyright information)
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The issue of compensation continues to rattle Harvard Management
Co., threatening to alter the very way the university manages its
money.
The big question: Can Harvard Management, for all its success in
overseeing the university's $13 billion endowment, stay as it is or
must it change?
In the latest sign of change, Harvard Management says the group
that oversees $1.5 billion in private equity and real estate
investments is departing to set up a new firm. The move follows an
announcement last month that Jonathon S. Jacobson, Harvard
Management's top equity manager, was leaving to start a private hedge
fund for wealthy clients.
Both the Private Capital Group, run by Michael Eisenson, and ...