Sunday, 5 July 2015
Last updated 1 hour 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…