Talk:Harvard Management Company

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Has anybody first hand information on the HMC? I haven t find it on the internet. So if somebody could past their address, I would be very grateful.

The annualized endowment return during his 15 year tenure was 21 % All university endowments change due to: gifts, disbursements, income (interim payments plus capital gains, or total return). While it may be true that the endowment grew at 21% per annum (in fact the figures cited indicate an annual exponential (as these things are typically measured) rate of 11.23751%), the change cited doesn't differentiate between earnings (management skill), and gifts/disbursements. Thus the return cited isn't really return, but, rather, is growth. In short, no investment professional would use the term return in this context. Wolvve85 18:02, 3 December 2006 (UTC)