Harvard endowment manager named to run Johnson family wealth

This is a summary. To read the whole story subscribe to

Harvard Management Co.’s head of private equity is leaving for another elite investment job -- as head of Fidelity Investments chairman Edward C. Johnson 3d’s personal wealth management firm.

Lane MacDonald will become president of the Johnson family’s money manager, Crosby Advisors, at the end of the month, according to an internal Harvard e-mail obtained by the Globe.

MacDonald has been with Harvard Management since 2008, first as a senior vice president for private equity and promoted in 2012 to oversee Harvard’s investments with outside managers. He worked in private equity before joining the nation’s largest university endowment manager.

MacDonald, who played hockey at Harvard and was on the US team in the 1988 Winter Olympics, had just taken the job running private equity for the endowment in December. Crosby is based in Salem, N.H.

Full story for subscribers.

Get the full story with unlimited access to

Just 99 cents for four weeks.