SWFI First Read, June 22, 2016

Harvard Management Company Reduces Staff, Drops Direct Equity Investments

Harvard Management Company (HMC) reduced staff and is discontinuing direct equity investments. The in-house equity group will merge with the fixed income, credit, and commodities group to form a single public-markets platform. 8 positions at HMC were eliminated in May, while 4 were eliminated this week. Mike Ryan, HMC’s head of public markets and absolute return, has departed the endowment.

ADIA Research Head Sees Oil Rebalancing Possibly in Mid-2017

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