Word: hmc
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Dates: during 2000-2009
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Continuing a three-year-old trend, nine analysts from the Harvard Management Co. (HMC) announced earlier this month that they would leave HMC to start their own investment firm...
...members of the Select Equity Group, which manages nearly $5 billion in domestic equities for HMC, will leave this weekend to found Adage Capital Management...
...HMC President Jack E. Meyer said the split was “friendly,” and that the Select team will be sorely missed at the investment firm...
...Legal jargon aside, HMC has had to weigh its financial interests against its moral obligation to represent Harvard in the public...
...With globalization and consolidation likely to continue, HMC is unlikely to avoid controversy entirely—but the University seems just as likely to overlook the occasional blow-up as long as the money keeps coming...