Sunday, 3 May 2015
Last updated 2 days ago
Aug 4 2014 | 9:11am ET
The largest college endowment in the world is turning its stock portfolio over to a former hedge fund manager.
Michael Ryan, the co-founder of JAI Capital Management, will join the Harvard Management Co. in September as its first head of public equity. HMC manages Harvard University’s $32 billion endowment.
“Public markets are an important driver of HMC’s returns and we are confident Mike will contribute significantly to our investment strategy and our ability to outperform our equity-market benchmarks,” the endowment’s head of public markets, Stephen Blyth, said.
Ryan, a Yale University alumnus, co-founded JAI in 2009 after stints at Credit Suisse and Goldman Sachs, only to close the fund two years later.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…