Items by By GERALDINE FABRIKANT
NYT > Business
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Yale Endowment Posts Return of 21.9%
Posted: September 29th, 2011, 1:18am EDT by By GERALDINE FABRIKANT
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After two years of unusual weakness, the endowment posted a return of 21.9 percent for the fiscal year ended June 30.
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You Think Houses Are a Slow Sell? Try a Yacht
Posted: January 22nd, 2011, 1:40am EST by By GERALDINE FABRIKANT
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The market for yachts is still depressed long after the recession has ended, discouraging would-be buyers and leaving owners unable to sell.
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Family’s Fall From Affluence Is Swift and Hard
Posted: November 26th, 2010, 1:10am EST by By GERALDINE FABRIKANT
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A $14 million windfall was lost to extravagant spending and the recession in little more than a decade.
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Princeton Endowment Posts a 14.7% Return
Posted: October 16th, 2010, 12:50am EDT by By GERALDINE FABRIKANT
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Princeton University’s endowment grew to $14.4 billion, outpacing many of the nation’s other large endowments.
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Yale’s Endowment Returns 8.9% for the Year
Posted: September 24th, 2010, 2:08pm EDT by By GERALDINE FABRIKANT
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The endowment lagged behind many of the other big funds, including Harvard’s, which had a 11 percent gain for the year.
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Potential Successor to Buffett Has Tough Task
Posted: December 4th, 2009, 7:38am EST by By GERALDINE FABRIKANT
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David L. Sokol, a possible heir apparent to Warren E. Buffett at Berkshire Hathaway, has his work cut out for him in addressing mounting problems at a luxury airline that is a part of Mr. Buffett’s holdings.
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In Charity Tax Filing, a Glimpse of Goldman
Posted: November 11th, 2009, 9:53pm EST by By GERALDINE FABRIKANT
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Goldman Sachs has set aside $200 million to nearly double the size of its main foundation, which has placed a lot of its money in hedge funds and trades heavily in futures contracts.
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Prep Schools Face Cuts in Student Aid
Posted: November 6th, 2009, 11:22pm EST by By GERALDINE FABRIKANT
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The institutions’ endowments have suffered, making schools scramble for ways to keep their doors open to students who do not come from wealthy families.
NYT > Home Page
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University Funds Report Steep Investment Losses
Posted: September 23rd, 2009, 1:43am EDT by By GERALDINE FABRIKANT
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But many endowments continue to place their faith in high-risk alternatives like hedge funds, private equity and real estate.
NYT > Business
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Big University Funds Report Steep Investment Losses
Posted: September 22nd, 2009, 10:04pm EDT by By GERALDINE FABRIKANT
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But many endowments continue to place their faith in high-risk alternatives like hedge funds, private equity and real estate.
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Harvard and Yale Report Losses in Endowments
Posted: September 10th, 2009, 5:45pm EDT by By GERALDINE FABRIKANT
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Harvard’s endowment tumbled 27.3 percent in its latest fiscal year, while Yale suffered about a 30 percent loss in its portfolio.
NYT > Home Page
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Harvard and Yale Report Losses in Endowments
Posted: September 10th, 2009, 5:45pm EDT by By GERALDINE FABRIKANT
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Harvard’s endowment tumbled 27.3 percent in its latest fiscal year, while Yale suffered about a 30 percent loss in its portfolio.
NYT > Business
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Pension Advisers for G.M. Are Part of Pay Czar’s Review
Posted: August 31st, 2009, 6:56pm EDT by By GERALDINE FABRIKANT
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The team that could find a way to pay G.M. retirees and save the government money is being scrutinized by the government.
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Software Entrepreneur’s Property Is Sold at Auction
Posted: August 31st, 2009, 12:54am EDT by By GERALDINE FABRIKANT
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John McAfee sold the last of his major real estate holdings, which he has been shedding to pay his bills since his fortune plummeted.
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Corporate Sleuth Plans to Start Credit Rating Firm
Posted: August 28th, 2009, 11:01pm EDT by By GERALDINE FABRIKANT
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Jules Kroll plans to use his corporate intelligence skills to analyze the creditworthiness of companies, an opportunity created by the subprime mortgage crisis.
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Mansions Go Under the Gavel
Posted: August 8th, 2009, 4:04am EDT by By GERALDINE FABRIKANT
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With the real estate market in the doldrums, many owners of multimillion-dollar homes are being pushed by creditors or courts to use auctions.
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Bank of America Hires Former Top Citigroup Executive
Posted: August 4th, 2009, 1:57am EDT by By GERALDINE FABRIKANT
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Sallie Krawcheck, once a Citigroup executive, will oversee Merrill Lynch’s brokers and wealth management for Bank of America.
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Michael A. Wiener, Founder of a Radio Chain, Dies at 71
Posted: August 3rd, 2009, 1:06am EDT by By GERALDINE FABRIKANT
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Mr. Wiener helped to found Infinity Broadcasting, which would go on to expand to dozens of stations and would hire Howard Stern.
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Michael A. Wiener, Founder of a Radio Chain, Dies at 71
Posted: August 3rd, 2009, 1:06am EDT by By GERALDINE FABRIKANT
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Mr. Wiener helped to found Infinity Broadcasting, which would go on to expand to dozens of stations and would hire Howard Stern.
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In Summer Hideaway for the Rich, Slump Is Visiting, Too
Posted: July 8th, 2009, 6:57am EDT by By GERALDINE FABRIKANT
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On Nantucket, businesses are struggling and home sales are slow as the recession creeps into an exclusive enclave.
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It’s Tee Time. Where Is Everybody?
Posted: May 24th, 2009, 12:01am EDT by By GERALDINE FABRIKANT
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Some of Bobby Ginn’s developments in Florida look like ghost towns, with empty lots and empty houses. But he is counting on a population boom in the state.
NYT > Sports
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It’s Tee Time. Where Is Everybody?
Posted: May 24th, 2009, 12:01am EDT by By GERALDINE FABRIKANT
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Some of Bobby Ginn’s developments in Florida look like ghost towns, with empty lots and empty houses. But he is counting on a population boom in the state.
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It’s Tee Time. Where Is Everybody?
Posted: May 24th, 2009, 12:01am EDT by By GERALDINE FABRIKANT
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Some of Bobby Ginn’s developments in Florida look like ghost towns, with empty lots and empty houses. But he is counting on a population boom in the state.
NYT > Business
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Radio Giant Faces Crisis in Cash Flow
Posted: April 30th, 2009, 1:23am EDT by By GERALDINE FABRIKANT
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Clear Channel, the radio station operator that was taken private last year, is facing mounting debt payments as media companies face a steep drop in advertising.
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Parents Sue Trustees Over Prep School’s Shutdown
Posted: March 7th, 2009, 1:21am EST by By GERALDINE FABRIKANT
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The parents claim the trustees, who also oversee a steel company, are acting out of self-interest.
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Endowment Director Is on Harvard’s Hot Seat
Posted: February 21st, 2009, 12:47am EST by By GERALDINE FABRIKANT
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Jane Mendillo, in charge of the Harvard University endowment, is dealing with shrinking returns.
NYT > Home Page
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Endowment Director Is on Harvard’s Hot Seat
Posted: February 21st, 2009, 12:47am EST by By GERALDINE FABRIKANT
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Jane Mendillo, in charge of the Harvard University endowment, is dealing with shrinking returns.
NYT > Business
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Rituals of the Rich Meet Realities of the Economy
Posted: February 13th, 2009, 11:40pm EST by By GERALDINE FABRIKANT
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In Manhattan’s most exclusive enclaves, even the longtime rituals of the wealthy are being tested.
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Fisher Island: Still a Refuge, but Not From the Downturn
Posted: January 31st, 2009, 10:34pm EST by By GERALDINE FABRIKANT
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About a quarter of the condos in one of the country’s wealthiest communities are for sale, and few are finding buyers.
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Yale’s Endowment Drops 13.4%
Posted: December 17th, 2008, 12:45am EST by By GERALDINE FABRIKANT
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Richard C. Levin, Yale’s president, said in a letter to the university’s faculty that Yale could be facing a $100 million shortfall in the 2009 school year.
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Fleeing Investors Put a Strain on Funds
Posted: December 15th, 2008, 11:58am EST by By GERALDINE FABRIKANT
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Many investors are fleeing hedge funds and using the cash to cover losses on their other investments, leaving money managers struggling to cope with the rush.
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Viacom Seeks to Soothe Worries Over Stock Sale
Posted: October 18th, 2008, 1:17am EDT by By GERALDINE FABRIKANT
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Viacom said it would end its program to buy Sumner M. Redstone’s shares at the same rate that it repurchased from public shareholders.
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Redstone Family in Dispute Over Share Sales
Posted: October 15th, 2008, 1:22am EDT by By GERALDINE FABRIKANT
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Shari Redstone and her father, Sumner M. Redstone, appear to be battling in public again — this time over a large sell-off of shares by the family company, National Amusements.
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Heads Up | Hotel Upgrades: You’re Giving Me That Room? No Way
Posted: August 28th, 2008, 2:01pm EDT by By GERALDINE FABRIKANT
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Asking to be moved is easy for some, hard for others. Find out how to increase your odds of getting a better room. (Tips help.)
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Investor, a Socialite, Is Charged With Fraud
Posted: June 24th, 2008, 11:06pm EDT by By GERALDINE FABRIKANT
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Raffaello Follieri, 29, the former boyfriend of the actress Anne Hathaway, was arrested on Tuesday and charged with fraud and money laundering.
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Liberty Media in Accord With Diller’s Company
Posted: May 14th, 2008, 1:39am EDT by By GERALDINE FABRIKANT
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Liberty Media and IAC/InterActiveCorp said that they had settled their differences, paving the way for the division of IAC into five companies.
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What’s an Investor to Do if a Star Firm Stumbles?
Posted: May 3rd, 2008, 10:46pm EDT by By GERALDINE FABRIKANT
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Clients of asset management firms that have lost much of their glitter, like Private Capital Management, are faced with the quandary of whether to bail out or hope for better days. -
Charities Devise New Strategies as Donations Wane
Posted: April 11th, 2008, 6:50pm EDT by By GERALDINE FABRIKANT
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Charities that benefit from the largess of Wall Street, law firms and corporations have begun defensive planning.
NYT > Home Page
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Charities Devise New Strategies as Donations Wane
Posted: April 11th, 2008, 6:50pm EDT by By GERALDINE FABRIKANT
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Charities that benefit from the largess of Wall Street, law firms and corporations have begun defensive planning.
NYT > Business
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Harvard’s $34.9 Billion Endowment Makes Its Choice for New Chief
Posted: March 28th, 2008, 1:22am EDT by By GERALDINE FABRIKANT
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The Harvard Management Company appointed Jane Mendillo, the chief investment officer at Wellesley College, as its president and chief executive on Thursday.