BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Yale grad takes over at Harvard's $35 billion endowment]]>http://www.bloggingstocks.com/2008/03/28/yale-grad-sugar-momma-takes-over-at-harvards-35-billion-endowm/http://www.bloggingstocks.com/2008/03/28/yale-grad-sugar-momma-takes-over-at-harvards-35-billion-endowm/http://www.bloggingstocks.com/2008/03/28/yale-grad-sugar-momma-takes-over-at-harvards-35-billion-endowm/#commentsFiled under: , , , ,

In fascinating endowment news yesterday, Harvard University turned to one of its former investment stars to take the helm of the Ivy League's biggest endowment of $35 billion.

Currently chief investment officer at Wellesley College, Jane Mendillo has been tapped o become the president and chief executive of Harvard Management Company. She fills in the slot vacated by Mohamed El-Erian, the emerging market bond guru, who left last year after less than two years in the job to return to his previous post with Bill Gross' PIMCO.

Famed uber-investor Jack Meyer racked up impressive returns in his tenure at Harvard Management Company during the 1990s. According to Wikipedia, Meyer grew an endowment "worth $4.8 billion to a value of $25.9 billion (including new contributions). During the last decade of his tenure, the endowment earned an annualized return of 15.9%."

Not too shabby.

It's great to see a woman take over the helm of such a high-profile investment fund. The best part of this whole move is that Mendillo is a Yale grad!

Zack Miller is the managing editor of IsraelNewsletter.com and a former equity analyst for a leading multinational hedge fund.

Yale grad takes over at Harvard's $35 billion endowment originally appeared on BloggingStocks on Fri, 28 Mar 2008 08:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>harvardharvard management c...HarvardManagementC...inthenewsjack meyerJackMeyerjane mendilloJaneMendilloMohamed El-ErianMohamedEl-erianyaleFri, 28 Mar 2008 08:30:00 EST