Word: june
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...Staff writer June Q. Wu can be reached at junewu@fas.harvard.edu...
Emerging market equity represented 10 percent of Harvard’s total portfolio and returned 7.6 percent in the fiscal year ending last June 30, according to University reports. Fixed-income bonds represented 13 percent of the University’s holdings, while real assets—such as real estate and investments in timber and agricultural land—comprised 26 percent...
...University announced its early retirement plan Tuesday as a way for eligible staffers—those over 55 years of age who have worked at the University for at least 10 years as of this June 30—to voluntarily choose early retirement, relieving pressure on the University’s dwindling resources. Harvard officials said yesterday that each incentive package would likely consist of a lump-sum payment...
...Harvard’s endowment, valued at almost $37 billion last June, lost roughly 22 percent of its value by the end of October, and amid subsequent belt-tightening measures—including a November hiring freeze on FAS staff—some staff have expressed concerns about the potential for layoffs...
Once committed to the program, an acceptor cannot rescind his decision, but those who initially reject the offer will have seven days to reconsider. Employees who take the package will likely have to leave the University by June 30, Peters said, according to the individuals...