Harvard Money Manager Won’t Start Hedge Fund

Jun 11 2014 | 8:48am ET

Harvard University’s giant endowment has spawned more than a half-dozen hedge funds over the last few decades. But outgoing Harvard Management Co. chief Jane Mendillo won’t be joining them.

Mendillo announced yesterday that she would step down after six years atop the $33 billion endowment, where she has spent the better part of the past two decades. But while her predecessors have often moved on to other high-profile money management jobs—Mohammed El-Erian went to PIMCO before leaving that firm earlier this year, and his predecessor, Jack Meyer, founded Convexity Capital Management, one of the largest hedge-fund launches in history—Mendillo plans a quieter future, one that definitely does not involve running a hedge fund.

Mendillo has ruled out launching one, saying she’d focus on other interests, including music, education and nonprofits. “Being the head of HMC is the best job in the world, and it is a capstone to my career in endowment management,” she told The Wall Street Journal.


In Depth

Q&A: Executive Recruiter Talks Hedge Fund Closures, Hiring Trends

Dec 19 2014 | 6:58am ET

This year, hedge funds have been closing at a rate not seen since the financial...

Lifestyle

Cooper-Hohn Won't Contest Divorce Settlement

Dec 18 2014 | 9:51am ET

The ex-wife of hedge fund billionaire Christopher Hohn will not contest a divorce...

Guest Contributor

Alternative Investment Funds Face A Communications Imperative

Dec 19 2014 | 6:10am ET

A handful of the top alternative investment firms on both sides of the Atlantic...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.