David Swensen, Yale Endowment’s Pioneer Manager, Dies at 67
Bloomberg 1 hr ago Janet Lorin
(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.
Swensen managed one of the most-watched and best-performing college endowments for more than three decades. Many of the world’s wealthiest investors sought to replicate his investment model, which favors more illiquid assets such as private equity.
Published May 6, 2021 •
Updated 3 hours ago
Yale s chief investment officer, David Swensen, hailed by the school as revolutionizing the landscape of institutional investing, died Wednesday at 67, the school s president announced.
Swensen led the university s investment office since 1985, following work at Salomon Brothers and Lehman Brothers, according to a university announcement. Download our mobile app for iOS or Android to get alerts for local breaking news and weather.
Swensen is credited with developing the Yale Model of institutional investing, which became the template for many universities in how they set up endowments. David served our university with distinction. He was an exceptional colleague, a dear friend, and a beloved mentor to many in our community. Future generations will benefit from his dedication, brilliance, and generosity, Yale President Peter Salovey said in a statement posted to the school s website.
Dear Members of the Yale Community,
I write with profound sadness to share the news that David Swensen, Yale’s chief investment officer, died yesterday evening after a long and courageous battle with cancer. David served our university with distinction. He was an exceptional colleague, a dear friend, and a beloved mentor to many in our community. Future generations will benefit from his dedication, brilliance, and generosity.
After receiving his Ph.D. in economics from Yale in 1980, David worked for Salomon Brothers and Lehman Brothers before returning to Yale in 1985 to lead our investments office. With his guidance, Yale’s endowment yielded returns that established him as a legend among institutional investors. Over the years, he lectured in Yale College and the School of Management. On Monday, he and long-time friend and colleague Dean Takahashi taught the last class of the term for Investment Analysis, a seminar they co-instructed for thirty-five years. David was an incorpo
Yale chief investment officer Swensen dies of cancer yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
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. Read More. Don t Miss Any Updates! News Directly in Your Inbox Subscribe to: