Word: june
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...Staff writer June Q. Wu can be reached at junewu@fas.harvard.edu...
...student Schwarzman. After graduating from the Business School, Schwarzman worked at Lehman Brothers, where he rose to chair Lehman’s mergers and acquisitions committee before leaving to start Blackstone with former Lehman chief executive Peter G. Peterson in 1985 with a $400,000 balance sheet. As of June 30 of this year, Blackstone had a total of $119.4 billion of assets under management. Light will accompany Richard Jenrette, the founder of investment bank Donaldson, Lufkin & Jenrette; Brian Mulroney, the former prime minister of Canada; and William Parrett, the chief executive of the professional services firm Deloitte Touche Tohmatsu...
Yale’s endowment grew by approximately 4.5 percent in the year ending June 30, the university announced yesterday in a press release...
...after June 30, commodities markets dropped precipitously, by almost 30 percent, from their all-time highs—according to Dow Jones-AIG Commodity Index—potentially reversing some endowment gains. Much of this was due to a substantial fall in the price of oil, which peaked at $147 per barrel but has been trading closer to $100 in recent days...
Still, Harvard’s returns to June 30 have garnered the management company—and its interim chief executive, Robert S. Kaplan—accolades among analysts and investors...