Yale’s David Swensen Leaves Behind A Powerful Legacy In Investing : NPR
NPR
A pioneering investor who ran Yale University's endowment, David Swensen, died this week at the age of 67 after a years-long battle with cancer. Swensen revolutionized the way many colleges invest, infusing some schools and nonprofits with vastly more resources to pay for things like financial aid for students and research.
Swensen was widely regarded by other investors as one of the greatest in the world. Case in point: He grew Yale's endowment from $1 billion in 1985 to $31 billion last year.