Word: hmc
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
...California-based Pacific Investment Management Company, where he previously served as a managing director. He was replaced by Robert S. Kaplan, a management professor at Harvard Business School, who served as the interim head for the remainder of the fiscal year without paid compensation. Jane L. Mendillo, a veteran HMC employee of 15 years who left Harvard in 2002 to manage Wellesley College’s investments, returned in July to become HMC’s new chief...
...confirm the sale when asked about the Private Equity Week report last week, citing a standing Harvard policy not to “discuss investment strategies or individual investments.” Several Boston-area hedge funds that received substantial initial investments from Harvard—including ex-HMC chief Jack R. Meyer’s Convexity Capital Management—also declined to comment at the time on any action HMC may be taking to sell investments it has with them. Private equity has traditionally been one of the best-performing asset classes for Harvard’s endowment...
Harvard Management Company—the group in charge of investing the University’s $36.9 billion endowment—may be trying to unload a large portion of its riskiest assets, according to a recent article in the trade publication Private Equity Week. The article reported that HMC has hired Cogent Investment Bank to sell approximately $1 billion of its private equity portfolio on the secondary market. As of June 30, HMC’s planned allocation to private equity for 2009 was up to 13 percent of the University’s endowment, or just under...
...While HMC returned to permanent leadership Tuesday with new CEO Jane L. Mendillo, who worked at HMC for 15 years before managing Wellesley College's investments from 2002 to 2008, it spent much of the past year with interim leadership after its former leader, Mohamed A. El-Erian, announced last September that he would return to a high-ranking executive position at Pacific Investment Management Company, a bond-specialist based in Los Angeles...
During his 22-month tenure, El-Erian was tasked with bringing stability to an organization rocked by the 2005 departure of its long-time CEO Jack R. Meyer, who left with a large fraction of HMC's staff amid heated criticism over multimillion dollar compensation packages for him and his top money managers. Meyer and several of his former lieutenants now run the Boston-based hedge fund Convexity Capital Management...