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trying to put blankets over our co-generation plant
[laughter] while we were raising money for the university, so nobody
could see it.
You mean so that a potential donor would not think that they are
pouring money down a drain, right? [laughter].
Now, I would like you to go into something in a little detail
here. You've talked about the financial problems caused by the
co-generation project, and then you talked about getting the finances
together, forming a management company, and I guess, the increase of
the endowment, the growth of the endowment. What's the connection
there? I mean, was the finance--the management company organized to
deal with this co-generation plant problem?
Why don't you discuss the finances a little bit.
Most universities employ outside--
Hold on one second [static on tape]. Go ahead.
Most universities will employ 3,4,5,6, outside investment
advisors to handle their portfolios, and indeed Harvard did.
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