Word: hmc
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Dates: during 2000-2009
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...Harvard certainly should retain, at a minimum, many elements of the system Jack has created,” says Jeffrey B. Larson, a former HMC manager who left to start his own hedge fund...
...members of the selection committee say that final decisions on the structure of HMC will be left for the new management company chief...
...selection committee, tasked at least initially with a more fundamental examination of Harvard’s investment structure, may wield great influence over the future of HMC by its choice of a new leader...
Despite the avalanche of departures from HMC, Meyer says that the current mix of internal and external management could also be maintained if the firm’s leadership believes that route is practical...
...Meyer cautions against premature speculation about what structural changes his successor will implement, noting that upon his arrival at HMC in 1990 he had a history of externally managing funds at previous jobs but embraced the internal model at HMC...