Harvard Management Company's Mark Taborsky recently joined his former boss Mohammed El Erian at PIMCO.
Taborsky's replacement has yet to be named, but he was the managing director of external management at Harvard, where he oversaw managers in all asset classes including hedge funds, which was 18% of the overall endowment portfolio prior to the stock market slump.
At PIMCO in Newport Beach, California, Taborsky is executive vice-president of product management and is responsible for asset allocation product development. He returns to California after a two-year stint in Boston. Before joining Harvard, Taborsky was the managing director of absolute