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Harvard Management adds to its investment team

Harvard Management Co., which manages the roughly $30 billion endowment of Harvard University, said that it has added four managers to its public markets team.

The appointments were announced by Stephen Blyth, head of public markets at Harvard Management Co., which is also known as HMC.

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Sanjiv Bhatia joined HMC as managing director and emerging markets equity portfolio manager. Previously, he was an executive with Isometric Capital Management, a Hong Kong-based hedge fund. His resume also includes a 12-year stint at Goldman Sachs.

Al-Wadhah Al-Adawi, whose background includes working as an emerging markets proprietary trader at Morgan Stanley, has joined HMC as senior vice president and emerging markets portfolio manager for Latin America/Europe, the Middle East, and Asia.

Amit Tiwari, another Morgan Stanley alumnus, has joined HMC as senior vice president and international developed equity portfolio manager.

Srdjan (Serge) Tanjga, who also has an extensive background as a portfolio manager, has joined HMC as senior vice president and developed equity portfolio manager.

In a statement, Blyth said: “These new colleagues bring a remarkable breadth of experience and expertise in emerging markets and international equities. They will further increase our ability to take advantage of investment opportunities across global equity markets to deliver superior investment returns.”

HMC is a wholly owned subsidiary of Harvard University. The company’s president and chief executive is Jane L. Mendillo.

In June, at the end of its most recent fiscal year, the endowment had assets of $30.7 billion, essentially flat with its value at the end of its previous fiscal year. A Globe story on the endowment’s performance noted that steep declines in European and emerging markets wiped out gains in other areas.

Mendillo took over as HMC’s chief executive in mid 2008, just before the start of the financial crisis. The endowment posted a 27 percent drop in value for the fiscal year that ended June 30, 2009. Since then, Mendillo has focused on risk management and repositioning the portfolio so that it is more conservative and able to cash out of investments when necessary.

Chris Reidy can be reached at reidy@globe.com.
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