Word: hmc
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Larson, the third highest-paid manager at HMC during the last fiscal year, said he will depart on July 1, the start of fiscal year...
...HMC President Jack Meyer praised Larson, whose 12-and-a-half years at HMC have spanned one of the most successful periods for the Harvard endowment...
Larson is the fifth Harvard fund manager in six years to leave HMC to form a fund, according to Meyer...
...wouldn’t say that compensation issues are at the top of their list, but there’s no doubt that if they do spin out and are successful, they will make more money than they did at HMC,” Meyer said...
Larson, 46, said forming his own hedge fund has been a goal of his since arriving at HMC...