Publications

05 Jun 2020
Research & Ideas

How Anchor Investors Help Impact Funds Succeed

Investors come in more shapes and sizes than hats and tacos: Angel, VC, limited, corporate, banks, institutional, friends and family—these are just some of the categorizations used to describe them. Now, a recent paper explores who might be the most important investor... View Details

Keywords: by Sean Silverthorne; Financial Services

November 1999
Case

Long-Term Capital Management, L.P. (C)

By: Andre F. Perold

Long-Term Capital Management, L.P. (LTCM) was in the business of engaging in trading strategies to exploit market pricing discrepancies. Because the firm employed strategies designed to make money over long horizons--from six months to two years or more--it adopted a... View Details

Keywords: Fluctuation; Capital; Financial Liquidity; Financing and Loans; Investment Funds; Investment Portfolio; Corporate Governance; Governing Rules, Regulations, and Reforms; Management; Risk Management; Markets; Motivation and Incentives; Financial Services Industry

24 Feb 2021
Blog Post

My HBS Student Loan Story: Les Williams (MBA 2005)

about their loan repayment journeys. Les Williams Class: MBA 2005 Industry: Impact Investing Recipient of the 2020 Best King Award for Service Could you please share a little bit about your upbringing and background? I grew up pretty... View Details

15 May 2017
Sharpening Your Skills

The Promises and Limitations of Big Data

Source: peterhowell Although many people claim we have entered the era of big data, research firms tell us that most collected information is never used. It sits uncleaned, unanalyzed, unused in databases. But when data analytics is used successfully, organizations... View Details

Keywords: by Sean Silverthorne; Financial Services; Financial Services; Financial Services; Financial Services

23 May 2019
News

Tracy P. Palandjian, MBA 1997

others. That was her north star,” says the Harvard College graduate and former McKinsey consultant. Palandjian’s embodiment of her forebearers’ values is a theme in all aspects of her life, including her leadership of Social Finance, a thriving nonprofit that develops... View Details

Keywords: Susan Young

October 2009 (Revised January 2010)
Case

The University of Notre Dame Endowment

By: Andre F. Perold and Paul Michael Buser

The Endowment Model of Investing, which was based on creating high risk-adjusted performance through diversification, a long time horizon, top-notch outside managers, and illiquid investments, had served Notre Dame and other large universities well over the past... View Details

Keywords: Financial Crisis; Higher Education; Asset Management; Private Equity; Financial Liquidity; Investment; Risk Management; Performance Evaluation; Financial Services Industry; Financial Services Industry

Web

Teacher Profiles - Case Method Project

Paltz High School New Paltz, NY MA Pat Kiley Marlborough High School Marlborough, MA Subjects: College Prep/Honors U.S. History, AP/Honors Economics, Financial Literacy CA Teresa Kim Vista Unified School District Vista, CA NJ Amethyst... View Details

29 Jun 2007
First Look

First Look: June 29, 2007

Silverstein needs to raise an additional $1.5 million from private investors to round out the equity financing for his new Quick Service Restaurant venture in China, Korea, and Japan. How should he pitch the opportunity? What should be... View Details

Keywords: Martha Lagace

31 Mar 2009
First Look

First Look: March 31, 2009

sample of private firms for which there is financial data available in the years before and after their initial public offering (IPO), I differentiate between those that have private equity sponsorship (PE-backed firms) and those that do... View Details

Keywords: Martha Lagace

May 2010 (Revised November 2010)
Case

Investment Technology Group

By: Clayton S. Rose and David Lane

Investment Technology Group (ITG) CEO Robert Gasser wondered if the financial crisis had permanently affected the firm's business model. A leader in trade analytics and execution for institutional equity investors, ITG had grown since its establishment in 1987 in step... View Details

Keywords: Customer Relationship Management; Financial Crisis; Investment; Resignation and Termination; Crisis Management; Product Positioning; Organizational Change and Adaptation; Financial Services Industry; Financial Services Industry; New York (city, NY)

17 Jun 2014
First Look

First Look: June 17

Working Papers Putting Skin in the Game: Managerial Ownership and Bank Risk-Taking By: Bouwens, Jan, and Arnt Verriest Abstract—This paper examines the relation between managerial ownership and bank risk exposure for a large sample of international View Details

Keywords: Sean Silverthorne

Web

RGE Report - Race, Gender & Equity

pursue board service. For both, board service is a fulfilling extension of their leadership journeys, and they are passionate about encouraging others to apply their experience and expertise to these important roles. [...] Read more 08... View Details

21 Oct 2015
Research & Ideas

How to Predict if a New Business Idea is Any Good

entrepreneurship herself, even applying to the MIT Venture Mentoring Service (MIT VMS)—a program that connects budding entrepreneurs to successful businesspeople to develop their ideas. Whenever an entrepreneur applies to the program, a... View Details

Keywords: by Michael Blanding; Financial Services; Financial Services

07 Jun 2016
First Look

June 7, 2016

spreads have lower means, lower cross-country correlations, and lower sensitivity to global risk factors. We discuss several major sources of credit-spread differentials, including positively correlated credit and currency risk, selective default, capital controls, and... View Details

Keywords: Sean Silverthorne

07 Jul 2003
Research & Ideas

4+2 = Sustained Business Success

compared to Kmart. (The other companies in their quad were Target and the Limited.) Both companies were in roughly the same financial shape in 1986, but Dollar General grew steadily, showing healthy profits year after year. Meanwhile,... View Details

Keywords: by Nitin Nohria, William Joyce & Bruce Roberson

April 2005 (Revised January 2006)
Case

Protege Partners: The Capacity Challenge

By: Randolph B. Cohen

In February 2005, Jeffrey Tarrant (HBS '85) and Ted Seides (HBS '99) considered their strategy for Protege Partners, founded in July 2002 as a fund of hedge funds (FOHF) specializing in small hedge funds. Protege's assets under management had grown to $1.1 billion, and... View Details

Keywords: Organizational Change and Adaptation; Business Growth and Maturation; Investment Funds; Financial Services Industry

Profile

Meagan Hill

Meagan Hill enrolled in Harvard College with the intention of going on to medical school. But through her work at Harvard Student Agencies — a conglomerate of nine businesses that offer students hands-on business experience — she discovered that her true passion was... View Details

Keywords: Financial Services

May 2022
Case

Maestro Pizza: Coming in Hot!

By: Ramon Casadesus-Masanell and Fares Khrais

Maestro Pizza opened its first store in 2013 after its founder, Khalid Al Omran, recognized an opportunity in Saudi Arabia to offer high quality pizza at affordable prices. The business grew rapidly and under the radar at first, but soon enough caught the attention of... View Details