Shapiro Says Harvard Caught in `Perfect Storm' on Swaps: Video

Dec. 18 (Bloomberg) -- Peter Shapiro, managing director of Swap Financial Group LLC, talks with B...  More »

Dec. 18 (Bloomberg) -- Peter Shapiro, managing director of Swap Financial Group LLC, talks with Bloomberg's Betty Liu about Harvard University's loss of almost $1 billion on interest-rate swaps and possible actions the school may have taken to mitigate its losses. Shapiro also discusses the strategy which may have led the institution to invest in risky derivative investments. (This is an excerpt of the full interview. Source: Bloomberg)  « Less