Sowood Capital Management

Description:

UPDATE: July 31, 2007 from Bloomberg
"Sowood Capital Management LP lost 50 percent in July, or about $1.5 billion, the biggest hedge-fund manager to collapse after declines in the corporate bond and loan markets."

Sowood Capital Management is a 59 person investment management firm with approximately $3 billion under management based in Boston. Sowood was formed in early 2004 by Jeffrey Larson of Harvard Management Company, the investment arm in charge of Harvard University’s endowment. Larson specialized in foreign equities while at Harvard. Harvard’s chief investment office, Jack Meyer, had this to say about Larson when he left: “He’s consistently outperformed his benchmark, and he will be missed,” Meyer said.” Of the $2bb that Sowood started with, $500mm was from Harvard.

As of 3/31/07

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