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Two lesser-known factors behind David Swensen’s success at Yale

The nurturing of in-house talent and close partnerships with external managers helped drive returns
David Swensen’s approach to managing Yale’s endowment made him one of the world’s most admired institutional investors

The writer is former chair of the Yale Investment Committee and author of 22 books including Rethinking Investment

The late David Swensen, longtime chief investment officer for Yale University, has been rightly lauded for creating a groundbreaking pathway for successful institutional investing. His 2000 book Pioneering Portfolio Management has become a bible for many institutional investors.  

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