The HMC bonuses are in line with those paid out in the business world. Harvard's in-house approach lowers overall endowment management
costs to about half of the cost of outside management. As a nonprofit subsidiary of Harvard, HMC is required to report the compensations of its five highest-paid employees, whereas nonprofits that use outside investment managers do not have to report the salaries of the individual managers overseeing their funds.
Fiscal Year 2000's 32.2 percent return was the second highest since Harvard Management Company was created in 1974.
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