Mr. Livstone, who previously worked at Geode, spent three years at Harvard Management Co., which oversees investments for the Cambridge, Mass., university, according to an internal e-mail obtained by Bloomberg News. The March 18 note was signed by Stephen Blyth, the head of internal portfolio management. Christine Heenan, a Harvard spokeswoman, declined to comment on the note.
Jane Mendillo, president of Boston-based Harvard Management, has reshuffled staff and added internal managers since taking the helm in July 2008. Last year, she fired about 50 employees and hired hedge-fund executives Emil Dabora and Mark McKenna from Caxton Associates LLC and Michele Toscani, a managing director for Fortress Investment Group LLC in Tokyo. She named Neil Mason chief risk officer in January.
Geode is based in Boston and had more than $77 billion in assets under management as of Dec. 31, according to the firm's website. At Harvard, Mr. Livstone reported to Marc Seidner, formerly the head of U.S. fixed-income investing, before Mr. Seidner left last year and joined Pacific Investment Management Co.
Mr. Livstone didn't return phone and e-mail messages.
Harvard said in September that its endowment declined 30% in the year ended June 30 as investments lost 27%. The university is seeking to raise “several hundred million” dollars from the sale of real estate stakes, a person with knowledge of the plan said in February.