Word: hmc
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Dates: during 2000-2009
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...Harvard Management Company (HMC), the internal arm responsible for managing the University’s endowment, returned 16.7 percent on its investments. While this year’s performance was slightly above the median return for the 25 largest university endowments, it is down from last year’s 19.2 percent return and the 21.1 percent return achieved...
...endowment growth comes during a transition period for HMC after the Sept. 2005 departure of former chief Jack R. Meyer. Meyer and over 30 of his employees left HMC to form the hedge fund Convexity Capital Management. New chief Mohamad A. El-Erian took over...
...HMC outperformed its benchmarks in all but two asset classes, with particularly strong performance from international equities, emerging equities, and commodities. Emerging markets earned the highest returns, at 37.8 percent, in line with HMC’s increased emphasis on a global outlook...
...HMC President Mohamed A. El-Erian, who worked for a California-based bond manager before moving to Harvard earlier this year, said Taborsky would be a valuable addition to the company...
With Taborsky’s appointment, HMC has now filled four of its five targeted senior management positions as it looks to rebuild after the departure of former HMC President Jack R. Meyer in 2005. When Meyer left, he took over thirty HMC employees with him to form Convexity Capital Management...