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Jack R. Meyer, president and CEO of the Harvard Management Company (HMC), will leave his post today, ending his 15-year oversight of a University endowment that has seen record returns under his leadership—but no replacement is waiting in the wings...
...appointment represents a step towards rebuilding HMC’s staff after a string of departures from high-level posts. HMC may find itself leaderless unless a successor to departing president Jack R. Meyer is named soon. Meyer, who announced in January that he was leaving HMC with four associates to start a new investment firm, has told The Crimson that tomorrow will be his last day. In addition to Scudder and Meyer, Jeffrey B. Larson, who managed foreign equity for HMC, left with 14 members of his team in July 2004 to start a hedge fund...
Pline, who left Standish Mellon after a restructuring at that company, said she had known about HMC for many years. A resident of Wellesley, Mass., she attended New Bedford High School, which is south of Boston near Cape Cod, before earning both a bachelor’s degree and an MBA from Boston College...
Looking towards the future, Pline said she does not believe it will be easy to replicate the returns of the last 10 to 15 years in the markets. She said she sees this is a problem not just for HMC but for all investment managers...
Scudder, her predecessor and one of several executives to make the jump from HMC to the private sector, left on July 1 to form a private investment group, which the Boston Herald reported is named Aria Asset Management...