HMC strengthens internal investment support with IT hires

The Harvard Management Company (HMC) is looking to fill 12 new IT positions across trading, risk and portfolio management in a move that strengthens its internal investment support structure even more.

While HMC does not have specific targets for internal or external management as a percentage of its portfolio, chief
executive Jane Mendillo said in September it would look to increase the share of its internally managed assets under the right conditions.

In the past year the management team and investment support structure was strengthened substantially with the addition of a chief operating officer, Bob Ettl.

Ettl, who came from Allianz /PIMCO where he held senior positions including chief executive for the Alpha Vision hedge fund subsidiary and global chief technology and operations officer, has significantly redesigned and upgraded the investment support organisation of the company and appointed a new CFO, Kevin Shannon, and new chief
technology officer, Michael Maffattone.

Now it is advertising for IT positions that include a lead developer for risk, a fixed income trading analytics quant developer and a lead developer for trading.

HMC is also searching for a vice president of portfolio management.

Under the chief executive, the Harvard Management Company is divided into six divisions: operations, risk, investment management (made up of the internal and external investment platforms), compliance, portfolio analytics, and trust and gifts.