Colin Butterfield was named managing director, head of natural resources at Harvard Management Co., the investment management arm of Harvard University, said spokesman Lex Suvanto in an e-mail.
He will replace Alvaro Aguirre-Simunovic, who resigned from HMC in October.
Mr. Butterfield, who starts in early October, will lead the natural resources investment team and enhance manager relationships, said an HMC news release. He will report to Rene Canezin, managing director, head of public markets. Mr. Canezin has been filling in as interim head of natural resources.
Previously, Mr. Butterfield was CEO of Radar Propriedades Agricolas SA, a $2.2 billion joint venture between TIAA-CREF and Cosan SA focused on Brazilian farmland investing. A search is being conducted for Mr. Butterfield’s replacement, said TIAA spokesman Stewart Lewack in an e-mail.
HMC manages the Cambridge, Mass.-based university’s $37.6 billion endowment and related financial assets. The endowment’s target range for natural resources and commodities is between 6% and 16% of the total portfolio.
