Yale Enlisting Help from Endowment Chief for New Master’s Program

Yale is turning to its longtime endowment CIO David Swensen to help develop the next generation of asset managers by teaching in its new master’s program. This according to a recent article in Bloomberg. Swensen, who has run the school’s $29.4 billion endowment since 1985, will teach in the one-year program starting in the 2020-2021 school year (with a class of 20-25 students), according to program director Tobias Moskowitz. “Yale is among universities capitalizing on… Read More

Yale’s Swensen on Asset Allocation — and Why to Avoid Mutual Funds

On WealthTrack with Consuelo Mack, Yale endowment guru David Swensen discusses his thoughts on how individual investors should structure their portfolios, where the markets are headed, and why you should steer clear of mutual funds. According to Swensen, who as manager of Yale’s endowment has grown the university’s portfolio from $1 billion to about $17 billion during his 24-year tenure, says that long-term individual investors should focus on equities — especially now. “With a long… Read More

Yale Endowment Guru Not Changing Approach after Tough Year

David Swensen, who produced exceptional returns as Yale University’s endowment’s chief investment officer for two decades before hitting a rough patch in 2008, talked to the Wall Street Journal this week about a number of key financial issues, ranging from his own strategy, to Bernard Madoff, to what he believes are the best opportunities in the current market.