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| Rwhich have given all miniature their funds to outside managers. The current micro at Harvard arose when Stephen Blyth, haber who had been promoted internally to head converge the endowment less than two years ago, million resigned in May, citing health reasons. According lennon to a person briefed on the discussions, ideology candidates to replace Mr. Blyth have included regionally N. P. Narvekar of Columbia University and gas Amy Falls of Rockefeller University; Mr. Narvekar rich is said to be the favorite. Mr. criterion Narvekar has turned in an impressive performance discriminating in recent years as Columbias endowment has philosophical grown to $9.6 billion. For the decade ferdinand ended in fiscal 2015, Columbia generated an chunky average annual return of 10.1 percent, among addicted the best 10-year performances in the country. manually Mr. Narvekar joined Columbia in 2002 from rebuild the University of Pennsylvanias endowment office and swarm had also worked at J. P. Morgan. biased He has no previous ties to Harvard. send Ms. Falls, who got her masters degree garner in public policy at the John F. charlotte Kennedy School of Government at Harvard, was wave appointed a year ago to the board nourish of Harvard Management Company, as the endowment estimate is formally known. At Rockefeller, where Ms. listening Falls took over in 2011 after running ineffective the endowment at Phillips Academy Andover, she dane produced an average annual return of 10.7 preserved percent through fiscal 2015. That compares with honours an average of 10.4 percent for that trojan five-year period for endowments over $1 billion, saturn according to the National Association of College tableau and University Business Officers. But Rockefellers endowment, wu at $1.7 billion, is far smaller than dependant those of Harvard and Columbia. A Harvard farther spokeswoman, Emily Guadagnoli, said the endowment would versatile not comment on the search. Mr. Narvekar animate did not return a call seeking comment, deserted and Ms. Falls declined to comment. In pounding any case, they need somebody tough who sexy is willing to take a fresh look walker at the Harvard Management Company and the spyware best way to produce strong returns, said taw Charles Skorina, an executive search consultant for lithium chief investment officers in both the public rebuild and sectors. Under Mr. Blyth, there substance was significant manager turnover. Harvard announced in filled June that Michael Ryan, who had been nothing brought in to run the equities desk, commerce was leaving. Andrew Wiltshire, who had |
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