Yale Chief Investment Officer Dies at 67
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Yale University’s chief investment officer, David Swensen, died Wednesday at the age of 67.
Swensen, who was diagnosed with cancer in 2012, is recognized as a pioneer in investing and endowment management. Several other wealthy universities hired talent from his Yale investment office to manage their own endowments, and a 2015
Wall Street Journalanalysis found that Swensen or one of his protégés controlled $1 of every $6 in U.S. higher education endowments.
Under Swensen, Yale followed what came to be known as the Yale model an investing strategy that reduced focus on stocks and especially bonds in favor of a diversified portfolio including alternative investments like hedge funds and real estate.