Harvard Has a New Money Man
Posted on March 27th, 2008 in Uncategorized | No Comments »
And it’s a woman!
It’s fascinating to see how, in just a year as president, Drew Faust has effected a profound shift in the gender composition of the university’s top leadership…(though, to be fair, who knows what Faust’s role was in this pick?).
New hire Jane Mendillo worked for Jack Meyer and has been serving as the chief investment officer for Wellesley College. (Anyone know how she did? The Journal has some numbers, but it’s hard to tell; her 13.5% annual return is impressive, but not by Harvard/Yale standards. Then again, her financial options with a far smaller endowment are probably more limited.)
Also, she went to Yale—twice. Majored in English, then went to the School of Organization and Management.
She did, however, marry a Harvard man.
Sounds impressive…though perhaps not as impressive as Mohammed El-Erian. But perhaps Mendillo is a rock star about to take center stage?