Harvard Hires Ex-Hedge-Fund Manager Bhatia

Harvard Management Co., which oversees the endowment of the world’s richest university with $30.7 billion, hired Sanjiv Bhatia and three other portfolio managers as it expands it stock markets team.

Bhatia, who once headed the Asia office of Minnetonka, Minnesota-based hedge fund Deephaven Capital Management LLC, started this month as portfolio manager for emerging markets stocks, Harvard Management said today. The endowment also hired Al-Wadhah Al-Adawi, formerly at GLG Partners Inc., Amit Tiwari, who used to work at the Lakshmi Mittal family office, and Srdjan Tanjga, most recently at 40 North Industries LLC.

Harvard allocates more capital to international stocks, including emerging markets, than many of its peers, it said in an annual report released in September. Underperformance of emerging markets public equities contributed to a 0.05 percent loss on its investments for the year ended June 30….

Read more at http://www.bloomberg.com/news/2012-12-12/harvard-hires-ex-hedge-fund-manager-bhatia-in-expansion.html