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Sowood founder becomes trustee

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Jeffrey Larson, founder of Sowood Capital, returns to his post on the board of Macalester College's board of trustees and will direct the group's investment committee.

Larson resigned from the board two years ago, but returned this summer. He now oversees the college's investment office. The Sowood Alpha Fund failed in 2007, declining more than 50% in one month. Larson and Stuart Porter left Harvard in 2004 to form Sowood after pocketing millions in salary and bonuses at Harvard Management Company.

Craig Aase, head of the investment office at Macalester, told the school newspaper that Larson brings a wealth of