Harvard Stunned By the Defection Of Fund Manager - January 12, 2005 - The New York Sun

Harvard Stunned By the Defection Of Fund Manager - January 12, 2005 - The New York Sun: "Harvard Stunned By the Defection Of Fund Manager
BY RODERICK BOYD - Staff Reporter of the Sun
January 12, 2005
Harvard University's immense endowment took a body blow yesterday when its longtime president, Jack Meyer, announced that he is starting his own money-management firm and taking his top four managers with him. In his nearly 15-year run as head of Harvard Management Company, Mr. Meyer helped the endowment earn large returns and explode in size, to $22.6 billion from $4.7 billion.
He became famous for his iconoclastic investing style, putting $2 billion of the endowment's cash to work in timber assets, for example, while other university endowments rotated into hedge funds. He plans to stay at the management company until June 30."