MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, December 21, 2007 Harvard Investment Managers are in the Hot Seat Today's WSJ FundTrack John Hechinger and Craig Karmin, take on the managers of the Harvard endowment, specifically how much those managers get paid. Hechinger and Karmin point out that at a time when Congress is taking a closer look at wealth at the elite universities, pay for Harvard's investment managers doubled. Mohamed El-Erian, who recently became co-chief investment officer and co-chief executive officer of Pimco, was paid $6.5 million in the year ended June 30, 2007. Some Harvard professors have also questioned whether paychecks of this size are appropriate for a non-profit institution to be handing out. Printed from: MFWire.com/story.asp?s=16878 Copyright 2007, InvestmentWires, Inc. All Rights Reserved |