After announcing her departure from Harvard University’s endowment, investment head Jane Mendillo will not be moving to a hedge fund but rather might enjoy semi retirement dabbling in music, education and non profits, she said in a Wall Street Journal article. Endowment posted an annualized return of 1.7% In five years ending June 30 of 2013, Forbes notes the endowment posted an annualized return of 1.7%. Problem is that is the worst among the ivy league, according to New York Times report. On the surface, that performance isn’t the type that would inspire hedge fund investors to throw money like…
Harvard University Endowment Chief Steps Down After Inheriting Mess
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.