Harvard Management Co., which oversees the endowment of the world’s richest university with $30.7 billion, hired Sanjiv Bhatia and three other portfolio managers as it expands it stock markets team, Bloomberg reports
.
Bhatia, who once headed the Asia office of Minnetonka,
Minnesota-based hedge fund Deephaven Capital Management LLC, started this month
as portfolio manager for emerging markets stocks, Harvard Management said
today. The endowment also hired Al-Wadhah Al-Adawi, formerly at GLG Partners
Inc., Amit Tiwari, who used to work at the Lakshmi Mittal family office, and
Srdjan Tanjga, most recently at 40 North Industries LLC.
Harvard allocates more capital to international stocks,
including emerging markets, than many of its peers, it said in an annual report
released in September. Underperformance of emerging markets public equities
contributed to a 0.05 percent loss on its investments for the year ended June
30….
No comments:
Post a Comment