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David Swensen, Yale University’s chief investment officer and one of the nation’s most influential higher education endowment fund managers, passed away at the age of 67 after a bout with cancer.
The Road To Yale: Swensen was born in River Falls, Wisconsin, where his father, Richard Swensen, was a chemistry professor and dean at the University of Wisconsin-River Falls. Swensen received a Bachelor of Arts and a Bachelor of Science from the university in 1975 and received a Ph.D. in economics from Yale in 1980.
Swensen worked on Wall Street at Salomon Brothers and Lehman Brothers before returning to Yale in 1985 as the Yale endowment manager, even though the position came with an 80% decrease from his Wall Street salary.
Yale endowment chief David Swensen dies at 67
By Janet Lorin Bloomberg,Updated May 6, 2021, 1:02 p.m.
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David Swensen, chief investment officer of the Yale University Investments Office, speaks at the John C. Bogle Legacy Forum in New York.Peter Foley/Photographer: Peter Foley/Bloomb
(Bloomberg) David Swensen, the chief investment officer at Yale University who helped revolutionize how college endowments are managed, has died. He was 67.
Swensen died May 5 after a long battle with cancer, Yale said Thursday in a statement. He had gone on temporary leave from his job in September 2012 to undergo treatment before returning to his duties at Yale.