Harvard University’s endowment named three alumni of the university to join the board of Harvard Management Co., which oversees its $57 billion fund.
Mary Erdoes, the head of JPMorgan Chase & Co.’s asset and wealth management business, Lazard Inc. President Raymond McGuire, as well as Paul Edgerley, managing director and co-founder of private family office VantEdge Partners, are joining the board, according to a statement on Tuesday.
Harvard’s endowment is the richest among US colleges, with distributions funding almost 40% of the university’s operating budget.
The endowment, which has been criticized for lackluster performance ...
