Does anyone know how well the funds that have spun out of Harvard Mgmt Company have done historically and more recently in the current crisis?
I know Jack Meyer's Convexity closed last year but how have other shops done?
Do they lose their lustre after spinning out of the mothership?
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https://www.nytimes.com/2007/08/16/business/worldbusiness/16iht-hedge.4…
All good; I was surprised to see someone bring Sowood up again!
Ok, that's one from 13 years ago. Sowood capital.
Any that are still alive?
Sorry, man, I misunderstood what "historically" meant. Old hat, new hat.
TPRV spun out of Harvard a few years ago, primarily fixed income relative value with some macro and vol trading as well. Can't comment on specifics, but performance has been pretty lackluster, both in comparison to similar funds and their prior record at HMC.
TPRV is new, haven't heard about them before at all. Wasn't there another fixed income unit that spun out?
has any macro/RV trading spun out of Harvard done well any all? I can't think of one
went back and checked. I think I was thinking of convexity again, so probably not old school macro
Adage Capital Management. Those guys kill it.
Second this - Adage made a killing on Puma Biotech in 2014. Interesting fee structure too
I don't understand, was there a backstory to neratinib?
yes. Heard about Adage. Aren't they run somewhat like a multimanager? Heard they have a strong healthcare group too.
Is HMC known to have a particularly strong track record? Last time I checked, their performance was in the bottom quartile among the largest university endowments.
they were very strong before changing the management team and the comp structure. When Jack was still around they outperformed almost every single other endowment, except maybe yale.
I'm surprised no one mentioned Highfields. Was hugely successful for many years, and recently shut down.
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