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Harvard Management Hires Feld to Run FX

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”.

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