Hedge Funds

Harvard Management's Larson goes solo

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Harvard Management's non-U.S. equities chief Bob Larson is striking out to start his own hedge fund shop, Sowood Capital Management. One of HCM's top paid managers, Larson also managed to convince a dozen Harvard Management staffers to come join him at his new hedge fund management venture. Still, feelings apparently aren't that bad as Harvard plans to plunk down $200 million into Sowood's debut vehicle, a managed futures and commodities fund. Word of Larson's impending departure surfaced only days after the Boston Globe ran an article that explained that the management company behind Harvard's $19.3