Harvard Management Co. said two senior managers have left, the latest in a series of departures as the $37.6 billion endowment manager restructures under CEO Stephen Blyth.
Harvard University's endowment, the world's largest, has now lost four senior employees in the past month, including several of its top-paid portfolio managers. Mr. Blyth, who was previously head of public markets, took over in January.
In an announcement to the staff, Mr. Blyth said Marco Barrozo, the head of fixed income, and Satu Parikh, managing director and head of commodities, left HMC Friday. “Their portfolios have been unwound, and their responsibilities will be absorbed by their managers,” he wrote in a memo obtained by Bloomberg.
Mr. Barrozo joined HMC in 2007. He was one of the highest-paid managers at the company, making $4.8 million in 2013.
Mr. Parikh was hired in 2011 and reported directly to Mr. Blyth. His departure comes only days after Harvard said he was taking over endowment's natural resources portfolio.
Other departures include Alvaro Aguirre-Simunovic, who oversaw natural resource investments and was paid $9.6 million in 2013. Andrew Wiltshire, the head of alternative investments, earlier this month said he would retire.
