Word: hmc
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...Erian, in his second year as HMC chief, came to Harvard after the departure of former CEO Jack R. Meyer, who took nearly one-third of HMC's employees with him to start a new hedge fund...
Harvard’s endowment has been cited as a model for achieving high-growth rates, but one investment choice led to a staggering loss of at least a quarter of a billion dollars late last week after the collapse of former Harvard Management Company (HMC) bigwig Jeffrey B. Larson’s hedge fund...
Larson was one of Harvard’s top money-managers in his 13 years at the University, helping the endowment balloon from $4.7 billion in 1990 to $25.9 billion by 2005. His team gained national media attention when he and four other prominent HMC members left the company during a six-year period leading up to Larson’s 2004 departure...
Jack R. Meyer, former president and CEO of HMC, started Convexity Capital Management in 2005, but his team—including 30 former HMC employees—reportedly had difficulty just breaking even as of earlier this year. Harvard also invested $500 million with Convexity...
...500.While Campbell says he might support divestment in “rare cases,” he cautions against divesting from holdings in indexes that invest in Sudan-linked firms.“I think we should be very careful about how difficult we make it for HMC to support the University,” Campbell says, referring to the Harvard Management Company, which invests the endowment. “We need to be careful of anything that might get in the way of the University’s mission.”HDAG proposes that Harvard divest from...