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  • February 1997 (Revised March 1998)
  • Case

Smith Breeden Associates: The Equity Plus Fund (A)

By: Robert C. Merton and Alberto Moel
In early 1997, Smith Breeden Associates, a money management and consulting firm, was pondering the future of the Equity Plus Fund. The Equity Plus Fund was an S&P enhanced-index fund that tried to outperform the S&P Index by replicating the index using low-cost... View Details
Keywords: Assets; Cash; Financial Markets; Financial Strategy; Mortgages; Investment Funds; Investment Portfolio; Marketing; Performance; Consulting Industry
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Merton, Robert C., and Alberto Moel. "Smith Breeden Associates: The Equity Plus Fund (A)." Harvard Business School Case 297-089, February 1997. (Revised March 1998.)
  • October 1996 (Revised March 1998)
  • Case

Schroder Ventures: Launch of the Euro Fund

By: Josh Lerner, Kate Bringham and Nick Ferguson
Schroder Ventures is considering launching a pan-European fund in response to investor demand. This will lead to changes in the interactions between the parent organization and the national affiliates. A related question is the extent to which the private equity model... View Details
Keywords: Change; Private Equity; Investment Funds; Multinational Firms and Management; Product Launch; Europe
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Lerner, Josh, Kate Bringham, and Nick Ferguson. "Schroder Ventures: Launch of the Euro Fund." Harvard Business School Case 297-026, October 1996. (Revised March 1998.)
  • November 1992
  • Background Note

The Mutual Fund Industry 1992

By: Jay O. Light
Keywords: Investment Funds; Supply and Industry; Financial Services Industry
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Light, Jay O. "The Mutual Fund Industry 1992." Harvard Business School Background Note 293-075, November 1992.
  • October 1995
  • Case

State Street Bank Retirement Fund

By: Richard F. Meyer
Keywords: Retirement; Investment Funds; Banking Industry
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Meyer, Richard F. "State Street Bank Retirement Fund." Harvard Business School Case 296-026, October 1995.
  • October 1981 (Revised January 1994)
  • Case

Golden Gate Bank Retirement Fund

By: David E. Bell
Keywords: Retirement; Investment Funds; Financial Services Industry; Banking Industry
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Bell, David E. "Golden Gate Bank Retirement Fund." Harvard Business School Case 182-086, October 1981. (Revised January 1994.)
  • 2024
  • Working Paper

Primary Capital Market Transactions and Index Funds

By: Marco Sammon and Chris Murray
We document the effects of mechanical buying by CRSP-index-tracking funds on post-IPO returns and IPO deal structure. Leveraging a difference-in-differences-style design built on a 2017 CRSP rule change, we find that expected index fund demand leads fast track IPOs to... View Details
Keywords: Investment Funds; Initial Public Offering; Investment Return; Price; Market Transactions; Financial Markets
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Sammon, Marco, and Chris Murray. "Primary Capital Market Transactions and Index Funds." Working Paper, August 2024.
  • June 2006 (Revised January 2007)
  • Case

Dana Hall: Funding a Mission (A)

By: F. Warren McFarlan, Herman B. Leonard and Melissa Tritter
Dana Hall is a private all-girls school in New England facing a crisis in its mission. As social norms shift away from single-sex education, the school's enrollment is falling and deficits are becoming the norm. At the same time, the modern vision for girls' education... View Details
Keywords: Crisis Management; Financing and Loans; Nonprofit Organizations; Mission and Purpose; Strategic Planning; Education Industry; England
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McFarlan, F. Warren, Herman B. Leonard, and Melissa Tritter. "Dana Hall: Funding a Mission (A)." Harvard Business School Case 306-090, June 2006. (Revised January 2007.)
  • October 2003
  • Case

Financing Biodiversity Conservation by the Global Conservation Fund

By: Mihir A. Desai and Julia Stevens
The Global Conservation Fund is an international nonprofit organization with a $100 million endowment and an exclusive focus on land preservation. The fund and its director must decide which projects to fund over the next year and what financing mechanism to use.... View Details
Keywords: Environmental Protection; Project Evaluation; Environmental Sustainability; Projects; Finance; Decision Making; Financial Instruments; Nonprofit Organizations
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Desai, Mihir A., and Julia Stevens. "Financing Biodiversity Conservation by the Global Conservation Fund." Harvard Business School Case 204-019, October 2003.
  • August 1988 (Revised December 1989)
  • Case

Golden Gate Bank Pension Fund

By: David E. Bell
Keywords: Investment Funds; Financial Services Industry; Banking Industry
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Bell, David E. "Golden Gate Bank Pension Fund." Harvard Business School Case 189-039, August 1988. (Revised December 1989.)
  • February 2008 (Revised November 2011)
  • Case

The International Monetary Fund in Crisis

By: Rawi Abdelal, David Moss and Eugene Kintgen
When Dominique Strauss-Kahn became the Managing Director of the International Monetary Fund in late 2007, he faced a number of significant changes. The organization had lost much of its legitimacy over the previous decade, and countries seemed increasingly reluctant to... View Details
Keywords: History; Globalized Economies and Regions; Problems and Challenges; Developing Countries and Economies; Borrowing and Debt; Government and Politics; Financial Institutions; Business Strategy; Macroeconomics; Financial Services Industry
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Abdelal, Rawi, David Moss, and Eugene Kintgen. "The International Monetary Fund in Crisis." Harvard Business School Case 708-035, February 2008. (Revised November 2011.)
  • 1967
  • Chapter

Determinants of Mutual Fund Performance

By: Michael Jensen
Keywords: Investment Funds; Performance Productivity; Financial Services Industry
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Jensen, Michael. "Determinants of Mutual Fund Performance." In Proceedings of the Seminar on the Analysis of Security Prices. University of Chicago Press, 1967.
  • 19 Sep 2012
  • Research & Ideas

Funding Innovation: Is Your Firm Doing it Wrong?

common struggle for firms to get innovation investments right, says Josh Lerner, the Jacob H. Schiff Professor of Investment Banking at Harvard Business School. On one hand, firms large enough to house their own research labs too often concentrate on View Details
Keywords: by Carmen Nobel
  • 30 Jan 2017
  • Research & Ideas

Vanguard, Trian And The Problem With 'Passive' Index Funds

investing, especially for smaller investors, and ultimately created greater returns than most professionally managed mutual funds could deliver. That has made index, or passive, funds wildly popular: For the... View Details
Keywords: by Michael Blanding; Financial Services
  • September 2017 (Revised July 2021)
  • Case

Asset Allocation at the Cook County Pension Fund

By: Emil Siriwardane, Juliane Begenau and Yuval Gonczarowski
Nickol Hackett, chief investment officer of the Cook County Pension Fund, is responsible for investing the fund’s $9 billion worth of assets on behalf of the employees of Cook County, Illinois. Like many other defined-benefit pensions at the time, the Cook County... View Details
Keywords: Asset Management; Investment Funds; Financial Strategy; Decision Choices and Conditions
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Siriwardane, Emil, Juliane Begenau, and Yuval Gonczarowski. "Asset Allocation at the Cook County Pension Fund." Harvard Business School Case 218-030, September 2017. (Revised July 2021.)
  • August 2023
  • Case

Partners Capital: Evaluating Fund Performance

By: Luis M. Viceira and Ryan Gilland
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Viceira, Luis M., and Ryan Gilland. "Partners Capital: Evaluating Fund Performance." Harvard Business School Case 224-017, August 2023.
  • 2006
  • Chapter

Government Funding of Nonprofit Organizations

By: Arthur C. Brooks and Michael Rushton
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Brooks, Arthur C., and Michael Rushton. "Government Funding of Nonprofit Organizations." Chap. 4 in Financing Nonprofits: Putting Theory into Practice, edited by Dennis R. Young, 69–92. Lanham, MD: AltaMira Press, 2006.
  • August 2019
  • Case

PROOF: Pro Rata Opportunity Fund

By: Josh Lerner, Shai Bernstein and Terrence Shu
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Lerner, Josh, Shai Bernstein, and Terrence Shu. "PROOF: Pro Rata Opportunity Fund." Harvard Business School Case 820-030, August 2019.
  • February 2013
  • Supplement

AQR's Momentum Funds (A) (CW)

By: Lauren Cohen and Christopher J. Malloy
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Cohen, Lauren, and Christopher J. Malloy. "AQR's Momentum Funds (A) (CW)." Harvard Business School Spreadsheet Supplement 213-722, February 2013.
  • June 2011 (Revised October 2011)
  • Supplement

Exchange-Traded Funds at Vanguard (B)

By: Robert C. Pozen and Steven Vickers
Supplementary material for 311-134 View Details
Keywords: Financial Services Industry
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Pozen, Robert C., and Steven Vickers. "Exchange-Traded Funds at Vanguard (B)." Harvard Business School Supplement 311-135, June 2011. (Revised October 2011.)
  • April 1992 (Revised February 1994)
  • Case

Czechoslovakia's Privatization: The Fund Phenomenon

By: Samuel L. Hayes III
Keywords: Privatization; Financing and Loans; Slovakia; Czech Republic
Citation
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Hayes, Samuel L., III. "Czechoslovakia's Privatization: The Fund Phenomenon." Harvard Business School Case 292-124, April 1992. (Revised February 1994.)
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