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Article: Harvard's El-Erian to Return to PIMCO
- Article from:
- Daily News
- Article date:
- September 11, 2007
- Author:
CopyrightCopyright 2007 Daily News. Provided by ProQuest LLC. (Hide copyright information)
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CAMBRIDGE, Mass. (HedgeWorld.com) - Mohamed El-Erian announced
Tuesday [Sept. 11] that he will step down as president and chief
executive officer of Harvard Management Co., which manages the
university's $34.9 billion endowment fund, at the end of the year to
return to his former company, Pacific Investment Management Co., as
co-chief executive officer and co-chief investment officer.
Mr. El-Erian, 49, was named to lead Harvard Management Company in
October 2005 and began his service in February 2006. During his
tenure at Harvard, Mr. El-Erian restructured the organization and
rebuilt the investment team. He also revamped the endowment's array
of external portfolio managers and ...