Tuesday, 22 July 2014
Last updated 9 hours 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…