Publications

September 2011 (Revised February 2013)
Case

Sino-Forest (A)

By: David F. Hawkins and David Lane

Chinese company listed on the Toronto Stock Exchange is accused of fraud by a hedge fund. View Details

Keywords: Business Earnings; Crime and Corruption; Financial Markets; Investment Funds; Management Analysis, Tools, and Techniques; China

Profile

Joe Khoury

countries in Asia, Latin America and Europe and got exposure to more than 500 different cases. In less than two years, HBS has offered all possible resources to help me start a business and go through the whole process of ideation, product creation, View Details

Keywords: Investment Banking; Investment Banking; Investment Banking

02 Mar 2017
What Do You Think?

Is China About to Overtake the US for World Trade Leadership?

current account trade deficit for the US followed, with the resulting funds invested by the Chinese government in US Treasury bonds instead of going into increased consumption by Chinese consumers. This... View Details

Keywords: by James Heskett

Career Coach

Guy Kamguia

(Engineering), Credit Suisse (Corporate Strategy), AFGRI Group Holdings (Investment & Strategy), Zebu Investment Partners (Private Equity, Value Creation), TOMRA (Corporate Strategy). View Details

Keywords: Impact Investing; Impact Investing; Impact Investing; Impact Investing; Impact Investing; Impact Investing; Impact Investing; Impact Investing

Web

Consolidated Balance Sheet | Annual Report 2024

Consolidated Balance Sheet All figures shown in millions of dollars for the fiscal year ending June 30. Assets 2024 2023 2022 Cash $ 116 $ 108 $ 133 Current Use Reserves 260 247 227 Receiveables, Loans, & Other Assets 256 261 251 Invested... View Details

16 Jul 2024
Research & Ideas

Weighing Digital Tradeoffs in Private Equity

strategy. PE funds can offer digital strategies, investment, and talent to their portfolio companies that the individual companies cannot access by themselves.” Why invest in digital technology? The... View Details

Keywords: by Michael Blanding; Financial Services

July 1991 (Revised August 2000)
Case

California PERS (A)

By: Jay O. Light, Jay W. Lorsch and James O. Sailer

Examines California Public Employees Retirement System (CalPERS), the world's fourth largest pension fund. Dale Hanson, CEO of CalPERS, has a problem; how does he use CalPERS' influence as the holder of a small percentage of 1,300 American companies to put pressure on... View Details

Keywords: Employees; Retirement; System; Asset Pricing; Performance Improvement; Corporate Governance; Investment Funds; Investment Return; California

Web

HBS - Financials | Consolidated Balance Sheet

Consolidated Balance Sheet Supplemental Financial Information Consolidated Balance Sheet (all in millions of dollars for the fiscal year ending June 30) Assets 2022 2021 2020 Cash $133 $124 $124 Current Use Reserves 227 211 174 Receiveables, Loans, & Other Assets 251... View Details

Alex Jiang

Alex Jiang cofounded Alpha Startup Fund in 2015 and builds Alpha Startups into one of the leading early stage venture funds in China. Alpha Startups invests in AI, IoT,... View Details

Keywords: Consumer Products & Packaged Goods;#20;#Ecommerce;#75;#Venture Capital;#47;#International Development

Profile

Kayode Ogunro

employer. How has HBS prepared you for your new job? My job will require a substantial amount of travel to Europe and Africa and more hands on management of deals and projects than I would face with a typical investment firm. My HBS... View Details

Keywords: Investment Management / Hedge Fund; Investment Management / Hedge Fund; Investment Management / Hedge Fund; Investment Management / Hedge Fund; Investment Management / Hedge Fund

February 2007 (Revised January 2008)
Supplement

Multifactor Models (CW)

By: Malcolm P. Baker

Keywords: Asset Pricing; Cost of Capital; Forecasting and Prediction; Investment Funds; Investment Return; Mathematical Methods; Performance Evaluation

29 Jan 2019
Research & Ideas

'Green Bonds' May Be Our Best Bet for Environmental Damage Control

ownership in a small group of investors—reflecting the smaller subset of investors who place value on environmental benefits, such as funds that have some green or social investing orientation. While the... View Details

Keywords: by Michael Blanding; Energy; Utilities; Construction; Green Technology; Public Administration

August 2008
Teaching Note

North Goes East (TN)

By: Nicolas P. Retsinas and Ben Creo

Teaching Note for [208136]. View Details

Keywords: Investment; Investment Funds; Partners and Partnerships; Investment Return; Leadership Style; Opportunities; Real Estate Industry; Financial Services Industry; Europe

September 2009 (Revised September 2012)
Case

United Way

By: Allen S. Grossman and Cathy Ross

After United Way CEO Brian Gallagher began shifting the organization's focus from old-school fundraising to community impact, Gallagher and local leaders like Elise Bulk, CEO of the United Way of Greater Los Angeles, faced a series of challenges regarding how to best... View Details

Keywords: Investment Funds; Business or Company Management; Problems and Challenges; Civil Society or Community; Social Issues; Alignment; Los Angeles

January 2001 (Revised May 2001)
Case

Return Logic, Inc. (A)

By: Richard G. Hamermesh and Michele Lutz

Follows three graduating HBS students as they build a business-to-business Internet venture and highlights the challenges they confront in structuring financing terms with venture capitalists. Requires students to carefully read a six-page term sheet to identify which... View Details

Keywords: Venture Capital; Investment Funds; Private Equity; Internet and the Web; Negotiation Deal; Entrepreneurship

November 1984
Background Note

Black-Scholes Option Pricing Program for the HP 12C Calculator

By: Andre F. Perold

Contains a program that can be used on the HP12C pocket calculator to compute the Black-Scholes option price and the associated hedge ratio. The program must be given the following parameters: the exercise price, the risk-free rate, the time to expiration, and the... View Details

Keywords: Stock Options; Investment Funds; Price; Management; Software