For Jane Mendillo, her birthday is no longer her own. Forever associated with "the day Lehman Brothers filed for bankruptcy," September 14, 2008, and the months immediately following, remain indelible memories. "I returned from dinner with my husband and began responding to multiple voice and email messages from the office," she says. "The next morning at 7 a.m., we began what became a daily meeting to review changing market conditions and make adjustments. We worked on the problems in our portfolio daily and, thanks to that active management, 2008 was less damaging than it might have been." Read Full Article
At HAA event, Faust urges freshmen to embrace the possibilities Harvard University Gazette Faust defended both the endowment's investment strategy and the manner in which it compensates Harvard Management Company (HMC) money managers. Read Full Article
Beneath her unobtrusive exterior, Jane Mendillo, CEO of Harvard Management Company, harbors a wealth of investment knowledge. She commands the respect of colleagues at Harvard and elsewhere, who laud her unceasing composure during a sudden and unanticipated financial meltdown, her decisiveness under time constraints, and her focus on long-term investment success. Read full article
Just as the world’s financial markets started tumbling, a woman with unique understanding of the Harvard endowment took over the helm of the Harvard Management Company (HMC). Jane Mendillo came to the endowment from Wellesley College, where she restructured that school’s portfolio to strengthen investment results over the long term. Read full article