New investment chief for Harvard

Following up upon JLM's note on women as foundation managers, Harvard Managemet, which manages Harvard’s $34.9 billion endowment is now headed by a woman, Jane Medillo.

Mohamed El-Erian has returned to Pimco after two years at the helm.

As one reads the article, one can't escape the impression that Harvard is looking for a better communicator at the top spot, as opposed to maximizing returns. Still, Mendillo reportedly is following the path blazed by David Swenson at Yale.