Word: erian
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Thanks to Mohammed A. El-Erian, HMC’s soon-departing president and CEO, HMC has been making a concerted effort to be more open. In a letter to investors two months ago, El-Erian wrote that “many of you have told us that […] we should nonetheless be more transparent about HMC’s structure, activities, and governance. We agree.” A main component of El-Erian’s program is hmc.harvard.edu, a Web site—HMC’s first—launched in September. Given...
Despite strong returns under El-Erian, HMC was not completely immune to this summer’s financial crisis—the endowment lost $350 million in July when Sowood Capital Management, a hedge fund founded by former HMC manager Jeffrey B. Larson, collapsed. But overall, HMC made gains of 0.4 percent that month...
University President Drew G. Faust said in a statement that El-Erian has been “skillful” and “effective” at the post...
Before taking the reins of HMC, El-Erian had been a managing director at PIMCO, where he was widely expected to succeed William S. Thompson, Jr. as CEO. His position upon his return will be co-Chief Executive Officer and co-Chief Information Officer, seemingly solidifying his status as heir-apparent. In a statement released yesterday, both Thompson and PIMCO CIO William H. Gross said they have no plans to step down. [SEE CORRECTION BELOW...
CORRECTION: The Sept. 12 news article "HMC Chief Steps Down" gave the wrong name for the executive at Pacific Investment Management Company (PIMCO) that Mohamed A. El-Erian, president and CEO of Harvard Management Company, was expected to succeed if he had not come to Harvard. The executive was Bill Gross, founder of PIMCO and manager of the company's bond fund—not William S. Thompson, the company...