Economics
Harvard Ditches Hedge Fund Run by Harvard Grad
- Manager, who gave $15 million for aid, faced redemption notice
- University reexamines its holdings from real estate to timber
Eric Mindich has been good to Harvard, and, until recently, Harvard has been good to him.
Mindich, class of 1988, landed a coveted seat on Harvard’s endowment board after he become a partner at Goldman Sachs in the 1990s. In the 2000s, when he left the firm to start a hedge fund, the university invested $500 million. Later, Mindich returned the favor, donating $15 million for scholarships.