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- Those swaps, put in place under Harvard’s then president, Lawrence “Larry” Summers, in the early 2000s, were intended to protect, or hedge, the university against rising interest rates on all the money it had borrowed. The idea was simple: if interest rates went up, the swaps would bring in enough money to cover Harvard’s higher debt payments.
seekingalpha.com › article › 151171-larry-summers-and-the-harvard-endowment-did-he-tank-it-or-did-he-notLarry Summers and the Harvard Endowment: Did He Tank It, Or ...
Apr 6, 2009 · After leaving Harvard, Lawrence H. Summers earned nearly $5.2 million advising elite math wizards and scientists at a New York hedge fund.
- Why Washington Can’t Quit Listening to Larry Summers - The ...
The former Treasury secretary Larry Summers steered debate...
- The Fed, Lawrence Summers, and Money - The New York Times
Summers, 58, has been employed by the megabank Citigroup and...
- Why Washington Can’t Quit Listening to Larry Summers - The ...
Nov 30, 2009 · The swaps were put in place under former Harvard president Larry Summers in the early 2000s to protect the university against rising interest rates on all the money it had borrowed.
Jul 13, 2020 · The new science and engineering campus (named for hedge fund billionaire John Paulson, who bought the name with a $400 million gift) is slated to open next spring. The symbolism is apt. Paulson made his billions using financial engineering to bet on a collapse in the housing market.
Since leaving the NEC in December 2010, Summers has worked as an advisor to hedge fund D. E. Shaw & Co, Citigroup and the NASDAQ OMX Group while resuming his role as a tenured Harvard professor.
Aug 2, 2013 · Summers’s finance industry ties are gaining new scrutiny now that he is among the leading candidates to succeed Federal Reserve Chairman Ben S. Bernanke. He could find himself overseeing his former colleagues while the Fed is at the centre of efforts to rein in bank risk-taking.
