David Swensen, Yale Endowment’s Pioneer Manager, Dies at 67
- He diversified the fund into private equity, hedge funds
- The strategy, novel at the time, produced superior returns
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David Swensen, the chief investment officer at Yale University who helped revolutionize how college endowments are managed, has died. He was 67.
Swensen died May 5 after a long battle with cancer, Yale said Thursday in a statement. He had gone on temporary leave from his job in September 2012 to undergo treatment before returning to his duties at Yale.