The Money Management Gospel of Yale’s Endowment Guru


A portrait of David Swensen at Yale. Mr. Swensen and former protégés oversee nearly $100 billion in endowment money at many top universities. CreditDriely Schwartz Vieira for The New York Times

As he has done for decades, once a week David F. Swensen convenes his staff — including his cadre of apprentices — for a morning-long meeting among the Gothic revival flourishes and crenelations of the Yale University campus to debate investment ideas.

Mr. Swensen, 62, runs the school’s $25.4 billion endowment, one of the largest in the country. Usually he is joined by his intellectual sparring partner, Dean Takahashi, his senior director. It amounts to an internship in the world of managing a university’s billions — and the young analysts have a front-row seat…

The Money Management Gospel of Yale’s Endowment Guru

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