Harvard Picks Insider to Run $36.4 Billion Endowment

Harvard University named Stephen Blyth as head of its $36.4 billion endowment, picking an insider as it looks to boost investment returns that have lagged Ivy League peers.

Blyth, 46, is an eight-year veteran of Harvard Management Co., which runs the largest college endowment. He was hired from Deutsche Bank AG for his bond-trading acumen and rose through the ranks. A statistician with a doctorate from Harvard, he is known for his commitment to the university, teaching classes, serving on faculty committees and advising a cricket team.