Publications

October 1996 (Revised April 2011)
Module Note

Venture Capital and Private Equity: Module I

By: Josh Lerner, G. Felda Hardymon and Ann Leamon

Provides an overview of a module that focuses on how private equity funds are raised and structured. View Details

Keywords: Venture Capital; Private Equity; Investment Funds

September 2015 (Revised September 2017)
Case

Pershing Square 2.0

By: Robin Greenwood, Samuel Hanson and David Biery

In June 2015 William A. Ackman, the CEO and founder of New York hedge fund Pershing Square Capital, reflects on the success of the fund he has spent over a decade building. Since its inception in 2004, Pershing Square's assets under management had grown from $500... View Details

Keywords: Activism; Value Investing; Portfolio Management; Management; Investment Portfolio; Investment Activism

March 2010 (Revised June 2010)
Case

Whose Money Is It Anyway? (A)

By: V.G. Narayanan, Richard G. Hamermesh and Rachel Gordon

The Brigham and Women's Physician's Organization (BWPO) and its corporate parent disagree over who has jurisdiction over significant legacy funds. Are they controlled by the BWPO or do they belong to BWPO's corporate parent? The BWPO and its corporate parent must... View Details

Keywords: Accounting; Investment Funds; Governance Controls; Agreements and Arrangements; Boundaries; Health Industry

11 Dec 2017
Blog Post

3 Ways Financial Aid is Unique at HBS

When prospective students consider applying to an MBA program, funding the degree is usually top of mind. There's no getting around the fact that pursuing an MBA can be costly, but financial aid at HBS is... View Details

18 Oct 2013
Working Paper Summaries

Monetary Policy Drivers of Bond and Equity Risks

Keywords: by John Y. Campbell, Carolin E. Pflueger & Luis M. Viceira

April 2010 (Revised May 2017)
Case

Tremblant Capital Group

By: Robin Greenwood

Brett Barakett, CEO and founder of Tremblant Capital Group, a New York–based hedge fund, must decide what to do with his fund's position in Green Mountain Coffee Roasters, which has dropped in value by more than 40% in recent months. Tremblant is a hedge fund that... View Details

Keywords: Business Earnings; Behavioral Finance; Stocks; Investment Funds; Consumer Behavior; Competitive Advantage; Financial Services Industry; New York (city, NY)

01 Jul 2013
News

Crowdfunding a Poor Investment?

01 Jun 2016
News

Taking Care of Business

favorites” online and at the April finals on campus. Here, we check in with three previous NVC winners to find out what’s new. Krishna Mahesh (MBA 2005) became aware of the low quality (and low supply) of... View Details

Keywords: Julia Hanna

2024
Working Paper

Who Clears the Market When Passive Investors Trade?

By: Marco Sammon and John J. Shim

We find that firms are the primary sellers of shares when index funds are net buyers, providing shares at a nearly one-for-one rate. Rather than provide liquidity, most demand-side institutions trade in the same direction as index funds, especially over long horizons.... View Details

Keywords: Investment Funds; Institutional Investing; Price; Investment Portfolio; Financial Institutions; Financial Instruments

SSRN

20 Mar 2005
Research & Ideas

Lessons of Successful Entrepreneurs

customer acquisition strategy might be sound given the circumstances of the moment, said Filipowski. "I believe in assessing the current environment and taking advantage of it." In a discussion on... View Details

Keywords: by Sean Silverthorne

01 Sep 2014
News

The Changing Nature of Research

for Research HBS funds research internally. By freeing faculty members from the constraints of seeking grants for their work, the School continues its century-long tradition of... View Details

01 Dec 2015
News

Golden State of Mind

comment is spoken in an offhand way, but that ability to understand how a business will scale has been a key factor in some of DFJ’s enormous multiple returns. Today, DFJ spans affiliate networks in more than 30 cities around the world... View Details

Keywords: Julia Hanna

25 Jun 2020
Blog Post

Harvard Business School Class of 2021 Student Profiles

University of Aeronautics and Astronautics PREVIOUS EXPERIENCE SDIC Fund Management Co., ZhenFund, Fiat Chrysler Automobiles US LLC, Cummins Inc., Robert Bosch LLC HBS ACTIVITIES Co-president,... View Details

29 Aug 2018
News

The Value of Valleys

probably the most recent or challenging one was a setback of a fund that I was a partner in, that actually lost a number of key partners and hit a key man risk issue where the... View Details

20 Oct 2019
News

U.S. Business Schools Realize ESG is no Fad but Part of Long-Term Trend

01 Jun 2008
News

The Prophet of Start-Ups

year to take a job on Wall Street, but he became, arguably, the most influential and popular professor at the School. HBS ARCHIVES PHOTOGRAPHS COLLECTION ARD’s beginnings were modest — its first venture fund was a mere $3.4 million. A few... View Details

Keywords: Spencer E. Ante; George Doriot; Charles F. Kettering; Lawrence Lowell; F. Warren Hellman; Finance; Securities, Commodities, and Other Financial Investments; Finance

Article

Political Skill: Explaining the Effects of Nonnative Accent on Managerial Hiring and Entrepreneurial Investment Decisions

By: Laura Huang, Marcia Frideger and Jone L. Pearce

We propose and test a new theory explaining glass-ceiling bias against nonnative speakers as driven by perceptions that nonnative speakers have weak political skill. Although nonnative accent is a complex signal, its effects on assessments of the speakers' political... View Details

Keywords: Spoken Communication; Prejudice and Bias; Competency and Skills; Selection and Staffing; Entrepreneurship; Investment; Decisions

Find at Harvard

30 Nov 2021
In Practice

What's the Role of Business in Confronting Climate Change?

The 26th annual United Nations Climate Change Conference of the Parties, also known as COP26, ended with a hard-fought pact that called on businesses and governments to meet their climate change goals faster. The event followed an August report by the Intergovernmental... View Details

Keywords: by Lynn Schenk and Dina Gerdeman

September 2016 (Revised March 2021)
Case

DBL Partners: Double Bottom Line Venture Capital

By: Shawn Cole, Mark Kramer, Tony L. He, Anshul Maudar and T. Robert Zochowski

This case explores the origins and current practices of DBL, a San Francisco–based venture capital fund and one of the first impact investment funds to achieve significant financial returns to scale. This case allows for a competitive analysis of DBL's investment... View Details

Keywords: Venture Capital; Investment Funds; Financial Strategy; Financial Services Industry; Tanzania