Word: hmc
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While no permanent chief will be in place Monday, “transitional leadership” will direct HMC in the interim, Vice President for Finance Ann E. Berman—who herself will leave her post in the spring—wrote in an e-mail yesterday...
...addition, Berman said the board of directors at HMC will provide “more active oversight” in the firm’s stewardship of the University’s endowment, last reported at $22.6 billion...
...Most day-to-day decisions are normally made by the senior investment professionals of HMC,” Berman wrote...
...There are many senior professional staff who will remain at HMC and ensure knowledge transfer and stability,” Berman wrote...
Harvard has been searching for Meyer’s replacement since January, when he announced that he would leave HMC along with four of his top managers...