Riding the horns of one of the biggest bull markets in history, the value of Harvard's endowment has shot up by more than $300 million in the last three months to an all-time high of more than $3 billion, University financial officers said this week.
The bulk of the jump in the endowment--the largest of any American university--comes from what Harvard's chief investment officer called a 17-to-18-percent increase in the return on Harvard's portfolio of stocks and bonds in the last two months.
"These are the kinds of results you would be happy to get in a 12-month period and maybe more than that, and we've had it in 60 days," said Walter M Cabot '54, president of Harvard Management Company, which manages most of the University's portfolio.
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Demonstrating a wide breadth of trivia knowledge and quick reactions, a North House team Thursday night won the Harvard version of the popular game show "Family Feud."
The team--composed of W. Colleen Ogle '83, Greg Williams '85, George Weiner '83, Joni Hiramoto '83 and Mathew McEvoy '84--did not lose one question during the competition until the finals. Then Eliot, before falling, won the query: What's the most popular video game at Harvard? (Pac Man topped the list.)
Ogle said the $200 party awarded to the winning team will be held at North House the Friday of Yale weekend. She attributed the team's success to luck and hard work, adding that the first-round, single eliminations were somewhat haphazard, but that their time spent reviewing survey questions paid off.
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John P. Reardon, director of athletics, decided this week he will sit down and chat with his coaches and minority athletes to discuss minority dissatisfaction with Harvard athletics.
Reardon's decision came, just days after S. Allen Counter, director of the Harvard Foundation, said that his group would begin an investigation this term of many student complaints he has heard about minorities and athletics. Reardon says he intends to try to set up a "constructive program" to deal with minority athletes' dissatisfaction "rather than operate on complaints."
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It took five separate votes for a candidate with majority support to emerge, but the new Undergraduate Council finally elected its chairman last Sunday: Michael G. Colantuono '83, a student government veteran who has gained campus-wide recognition as a gay rights activist.
Colantuono narrowly defeated Rosemarie A. Sabatino '84 in a second run-off between the two, following an initial tie.
Following his election, Colantuono supervised the selection of the council's other three officers. Jose A. Rodriguez '85 gained the vice chairmanship, while Peter N. Smith '83 and Caroline Lipson '84 became treasurer and secretary, respectively.,
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