David Swensen, the legendary chief of Yale University’s endowment fund, passed away last week at age 67. This according to an announcement in Chief Investment Officer. “In his 36 years…
Tag: Endowment Funds
Yale, Harvard and Others Buying Bitcoin
Some large university endowments have been “quietly buying cryptocurrency for the past year or so through accounts held at Coinbase and other exchanges,” according to a recent article in Coindesk.…
Yale’s Swensen Delivers Message to Money Managers on Diversity
David Swensen, veteran investment chief of Yale University’s $31.2 billion endowment, has a clear message for the firms that manage the school’s money: Hire more women and minorities, or you…
Time is On the Side of Endowment Hedge Fund Bets
A new study that examines over a century of returns of eight Ivy League and four non-Ivy League endowments shows the “critical advantage” of long-term strategy. This according to an…
Ivy League Endowments Are Making the Same Mistakes
Return data from university endowments for the fiscal year ended June 30th “is not pretty,” writes columnist Barry Ritholtz in a recent Bloomberg article. Ritholtz cites return estimates of 8.7%…
Profile: David Swensen and How He Made Yale Rich
A recent article in Bloomberg profiles David Swensen, who has overseen the Yale University endowment for 34 years and has become something of a legend—as well as the school’s highest-paid…
Yale's Endowment Fund Lagging the S&P 500
Although Yale University’s endowment fund—and its chief investment officer, David Swensen—have enjoyed a stellar reputation in the industry for decades, a recent article in Morningstar argues that the fund’s reputation…
Buffett Annual Letter Offers Advice to Pensions and Endowments
In his annual letter to Berkshire Hathaway shareholders, CEO Warren Buffett tells pension funds and endowments to eliminate high-cost “helpers” that eat into returns, according to an article in Chief…
Ivy League Endowments Have Lagged 60/40 Portfolios for a Decade
An article in Institutional Investor reveals the findings of a new study that shows how the nation’s elite school endowments have trailed a passive portfolio of 60 percent stocks and…
Small School Endowment at Top of Class
Quinnipiac University is “beating the biggest names in higher education at investing with the help of an unlikely force: the stock picker.” This according to a recent article in The Wall…