Sanyatti
Member
David Swensen, Yale Endowment Chief Who Changed the Course of Institutional Investing, Dies at 67
Through an embrace of diversification, Swensen grew university’s endowment from $1 billion in 1985 to $31.2 billion in 2020
David Swensen, the pioneering Yale University endowment chief who changed the course of institutional investing, died Wednesday evening. He was 67.
His death was announced by Peter Salovey, the president of Yale. Mr. Swensen had undergone years of treatment for cancer.
Mr. Swensen grew Yale’s endowment from $1 billion when he started in 1985 to $31.2 billion in 2020 through an embrace of a diversified investment portfolio. He inspired a generation of investors with his approach and groomed protégés who went on to run the endowments of major universities and foundations.
“David served our university with distinction. He was an exceptional colleague, a dear friend, and a beloved mentor to many in our community,” Mr. Salovey said in a statement Thursday, adding that Mr. Swensen’s investment philosophy reshaped institutional investing.
David Swensen, Yale Endowment Chief Who Changed the Course of Institutional Investing, Dies at 67
David Swensen, the pioneering Yale University endowment chief who changed the course of institutional investing, died Wednesday evening.
www.wsj.com