Word: hmc
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...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...
...know people here at HMC thought [a shift to external management] was going to happen...and maybe even the board thought that was going to happen too,” he says. “I came here and I saw things that were happening internally that were just great and we nurtured those strategies...