Harvard Picks New Head

Harvard Management Co., which oversees Harvard University's $34.9 billion endowment, has selected Jane Mendillo as its new chief investment officer. Mendillo previously was CIO for Wellesley College, which she joined in 2002 after having been with Harvard as head of external investments. In a statement, Harvard said that the Wellesley endowment grew from $1 billion to $1.7 billion during Mendillo's tenure.


She succeeds Mohamed El-Erian, who left late last year.


Harvard Management Co. is still in search of a senior private equity manager, after Kevin Tunick recently left to take the top private equity job at University of North Carolina. www.hmc.harvard.edu