Harvard Management Company (HMC) has tapped Michael Ryan as head of public equity for the $32.7 billion endowment.
Ryan, who was most recently founder and CIO of New York-based investment management firm MDR Capital Management, will be leading strategy and performance of HMC’s global equities portfolio. Specifically, HMC said Ryan will be directing and developing internal investment activity and “continue to evolve HMC’s suite of external management relationships.”
He will report to Stephen Blyth, managing director and head of public markets, and will begin his new position in September.
“Mike brings deep experience across global equity markets, including expertise managing large, diverse investment teams and extensive knowledge of the global landscape and hedge fund strategies,” Blyth said in a statement.
According to the endowment’s 2013 report, public equities returned 16.3% in the fiscal year ending June 30, 2013, well over the benchmark of 14.5%. The entire portfolio returned 11.3%, bumping its total assets to $32.7 billion.
“Public markets are an important driver of HMC’s returns and we are confident Mike will contribute significantly to our investment strategy and our ability to outperform our equity market benchmarks,” Blyth added.
Prior to his role at MDR Capital Management, Ryan was co-CEO of JAI Capital Management, a global long-short hedge fund. He also previously served as head of global securities at Credit Suisse and co-head of global equity products at Goldman Sachs Group.
Ryan received a Bachelor’s degree from Yale University.
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