Harvard University has hired Karen Parker Feld to head the new foreign exchange unit of its $25.9 billion endowment, the world’s largest education fund.
Feld is joining Harvard Management Company (HMC) from Wellington Management Company in Boston, where she currently manages over $20 billion as director of FX. Previously she worked for Chase Manhattan Bank as a managing director and the head of currency research.
Harvard Management’s CEO, Mohammed El-Erian, is recruiting more staff after long-time head Jack Meyer left last year to form his own hedge fund, taking more than 30 colleagues with him. Last month El-Erian named new managers for domestic fixed income and compliance and is now looking to fill senior executive positions in international fixed income and external management.
He says: “Karen brings to HMC proven strong portfolio management skills in the foreign exchange area, an excellent industry reputation, an outstanding intellect, and impressive academic credentials”.