While other funds struggle through the mortgage crisis, a hedge fund founded by former Harvard Management Co. CEO Jack R. Meyer is flourishing.
Meyer and former Harvard colleagues run Convexity Capital Management, which makes trading bets that benefit from volatility. The fund, started last year, had disappointing results initially, but the current crunch brought a turnaround.
During his 15 years with Harvard, Meyer provided impressive gains for the university endowment. Harvard reported last week that its endowment grew 23% to $34.9 billion in the fiscal year ending June 30.
On the web
In Volatility, Redemption for Manager – New York Times
$tellar Swan Song – Harvard Magazine
Harvard endowment has 7-year best, hits $34.9b – Boston Globe