By Craig Karmin and Liz Rappaport
Harvard’s endowment, scalded in the financial crisis, is shying from some riskier bets even as markets had been improving—and losing talent in the process.
Marc Seidner, the head of domestic bond investing for Harvard Management Co., the company that manages the nation’s largest endowment, is leaving along with a colleague, Michael Llodra. The endowment lately turned away from investing in a strategy that they wished to pursue—buying distressed assets such as bonds backed by mortgages.
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