Fund Times: Harvard Hires Dreyfus Manager
Plus, news on ICAP manager ownership, Marty Whitman banks on GM debt, more.
Harvard Management Company, which runs Harvard University's $26-billion endowment, has hired Marc Seidner of Standish Mellon Asset Management to head its domestic fixed-income division. This move is part of an effort to reconstitute the fixed-income division, which lost many key players when they left to work for former HMC president Jack Meyer at Convexity Capital, his newly formed hedge fund.
Seidner has worked for Standish Mellon's fixed-income segment since January 1995, most recently as its director of active core strategies. In this capacity, he led a team of eight portfolio managers and 51 analysts and traders. He was also manager of a number of offerings issued under the Dreyfus name, such as Dreyfus Premier Core Bond (DSINX) and Dreyfus GNMA (DRGMX). Senior portfolio managers Kent Wosepka and Cathy Powers, who will together lead the active core team, will replace Seidner at Standish.
Lawrence Jones does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.
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