Harvard Picks Ex-Hedge Fund Manager To Handle Stocks

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.


In Depth

U.S. Treasury Moves on Reinsurance Loophole

Apr 24 2015 | 5:11pm ET

The U.S. Treasury Department has released proposed rules aimed at limiting the ability...

Lifestyle

Puerto Rico Woos The Rich But So Far Gains Little

Apr 17 2015 | 2:45am ET

Hedge fund manager Rob Rill grins. He has just had word that U.S. financial regulators...

Guest Contributor

Starting a ‘40 Act Fund Family? Don’t Forget Your Board

Apr 30 2015 | 7:18am ET

The convergence of the hedge fund and mutual fund worlds continues unabated, as...

 

Editor's Note