David Swensen, the longtime investment manager of Yale’s endowed assets, passed away this week after a long battle with cancer. Swensen pioneered the endowment method of investing, aligning the unique characteristics of endowed assets with strategies that deliver superior growth over time. Although his methods and strategies aren’t well suited for individual investors, his approach has been adopted by most endowment, foundation, and pension fund managers around the world. NPR compiled an excellent profile last week in the article, David Swensen, The Greatest Investor You Maybe Never Heard Of, Leaves Powerful Legacy.
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