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'Self-confident yet selfless': Yale's David Swensen dies at 67


May 6, 2021
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David F. Swensen ’80 Ph.D., whose revolutionary approach to managing Yale’s endowment, warmth of spirit, and personal integrity made him one of the world’s most admired institutional investors and a beloved member of the Yale community, died May 5 in New Haven, after a long battle with cancer. He was 67.
Self-confident, selfless, spirited, and guided by a finely tuned moral compass, Swensen assumed management of Yale’s endowment in the mid-1980s, when he was in his early 30s and the endowment stood at $1.3 billion. In the decades to come, he won international renown for an approach to institutional investing that emphasized diversification beyond publicly traded stocks and bonds, especially with illiquid and alternative assets, for his commitment to ethical action in work and life, and for financial results. ....

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New principles regarding fossil fuels to guide Yale's endowment


Date Time
New principles regarding fossil fuels to guide Yale’s endowment
The Yale Board of Trustees last week approved a new set of ethical investment principles (PDF) to guide the university’s decisions concerning companies producing fossil fuels.
The five principles, recommended by an expert faculty panel appointed in October by President Peter Salovey, create new standards for the activities, behaviors, and characteristics of fossil fuel companies that would warrant divestment.
The principles establish a framework through which Yale can encourage fossil fuel producers to adopt more sustainable practices and advance the shift to a decarbonized energy future – and to call out and make ineligible for investment by Yale those companies that do not. ....

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