Friday, 31 October 2014
Last updated 33 min ago
Oct 24 2013 | 9:36am ET
Harvard University, whose endowment was among the pioneers in alternative investments, is entrusting its private-equity portfolio to a champion hockey player.
Lane MacDonald will become managing director of private equity at Harvard Management Co. in December, the school said this week. MacDonald has worked at the $32.7 billion endowment, the world's largest, since 2008.
But MacDonald's ties to Harvard go back much further. MacDonald was the captain of Harvard's only national-championship-winning hockey team, in 1989. After earning his undergraduate degree at the school, he played briefly played professionally in Switzerland before receiving his MBA at Stanford University.
Drafted by the Calgary Flames in 1985, MacDonald elected to go to Harvard. He also played for the United States national team at the 1988 Winter Olympics, and was inducted into the U.S. Hockey Hall of Fame in 2005.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.