David Swensen, Who Revolutionized Endowment Investing, Dies at 67
At Yale, a colleague said, he showed “there was a way to compete hard and well in financial markets, but to have our lives be about something that mattered more.”
The money manager David Swensen, who oversaw Yale University’s endowment, in an undated photo. His investment strategy became known as the “Yale model” and was imitated by other colleges and universities.Credit.Driely Schwartz Vieira for The New York Times
Published May 6, 2021Updated May 7, 2021
David Swensen, a money manager who gave up a lucrative Wall Street career to oversee Yale University’s endowment and proceeded to revolutionize endowment investing, in the process making Yale’s the best-performing fund in the country over a 20-year period, died on Wednesday in New Haven, Conn. He was 67.