Word: rothenberg
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Dates: during 2000-2009
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While Harvard has acknowledged in recent months that its aggressive investment strategies may have constrained the University’s cash flexibility, it has defended the long-term viability of its approach. Harvard Treasurer James F. Rothenberg noted in an interview with the Harvard Gazette last month that the University’s investment strategies generated an average annual return of 8.9 percent over the past 10 years, including last year’s financial crisis—far exceeding the annualized 1.5 percent return that would have been generated by a “plain vanilla” portfolio...
...Certainly our endowment investment model was successful for quite some time,” Rothenberg said to the Gazette. “But I think, yes, there are some changes already under way to increase flexibility, reduce leverage, and better position [Harvard’s] portfolio for the future...
...precipitous drop in interest rates and liquidity considerations made it important for us to scale back the swaps substantially,” said University Treasurer James F. Rothenberg ’68 in a interview posted by Harvard. “That has come at a real cost, but at least we are now in a better risk position going forward...
Many other universities have similar interest rate swap agreements in effect, but not to the magnitude of Harvard’s arrangements. Rothenberg said that this was because Allston presented Harvard with a “unique opportunity” to aggressively expand...
...Jackson's lesser-known friends were also given a moment to share their memories of the fallen star. The spontaneous speeches were some of the most poignant. One in particular was delivered by David Rothenberg, a burn victim whom Jackson took care of for years after 90% of his body was scorched in a childhood fire. "He was very scarred over all of his body," says a guest. "He spoke about Michael and how he cared for [Rothenberg] for so long without asking for anything in return. It was very moving." (See the top 10 Michael Jackson moments...