A Dartblog technical alert
Due to unexpected changes in our hosting environment, Dartblog will have little to no updates for up to one week from 7/6/15. We'll be back. Promise. Apologies.
This is an archived post. Please click here to see the latest entries.
Bloomberg Piles On Trustee Investments
Memo to Carol: You have a PR problem.
Memo to Dartmouth: You have a real problem.
The 2,071-word Bloomberg piece casts the College in a negative light:
Howard Marks, who was chairman of Penn’s investment committee for the decade ended in 2010, says that while schools might miss out on some stellar funds, they also avoid the risk of board members getting assignments because of connections and not merit.
“It could be challenging to turn down an investment committee member seeking a money management assignment, or to fire him or her or even decline to re-up,” says Marks, who’s chairman of Oaktree Capital Group LLC (OAK), which manages $81 billion of distressed-debt investments. “At the hypothetical extreme, member A could vote for member B in the hope member B will reciprocate. For me, it’s all just too thorny.”
Trustees shouldn’t manage university money because of the potential for self-dealing and other abuses, says Mark Williams, a former Federal Reserve bank examiner who teaches risk management at Boston University.
“Even the appearance of conflicts of interest can create reputational risk and harm the institution,” Williams says. “The perception is almost as bad as the act of conflict. It does damage to that reputation, which has taken many universities centuries to create.”
Curiously, neither of these articles comments on the endowment’s poor growth over the last twelve years, compared to its best-in-show results in the 1990’s.
August 14, 2013
Breaking: Of Crips and Bloods and Memories of Ghetto Parties
History repeats itself, first as tragedy and then as farce, or sometimes it just repeats itself. From the New York Times on November 30, 1998: At Dartmouth College, white students at a ”ghetto party” dressed…
June 25, 2013
Dean of the College Charlotte Johnson’s War on Students Part (2/2)
Part 1, Part 2 Today’s post again recounts the events that befell the Freshman. However, the content of the Hanover Police department report reproduced in this space yesterday is supplemented by information from my own…
October 18, 2009
When Love Beckoned in 52nd Street
We were at San Francisco’s BIX last evening, enjoying prosecco, cheese, and a bit of music. A full year of inhabitation in Northern California has unraveled to me no decent venue for proper lounging, but…
October 9, 2009
D Afraid of a Little Competish
So our colleague and Dartblog writer Joe Asch informed me that the D has rejected our cunning advertising campaign. Uh-oh. The Dartmouth is widely known as a breeding ground for instant New York Times successes,…
September 4, 2009
How Regents Should Reign
As Dartmouth alumni proceed through the legal hoops necessary to defuse a Board-packing plan—which put in unhappy desuetude an historic 1891 Agreement between alumni and the College guaranteeing a half-democratically-elected Board of Trustees—it strikes one…
August 29, 2009
Election Reform Study Committee
If you are an alum of the College on the Hill, you may have received a number of e-mails of late beseeching your input for a new arm of the College’s Alumni Control Apparatus called…