From the latest endowment report, I highlighted Swensen's tenure at Yale:
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You would have nearly tripled your money in the last decade had you invested in the endowment. By the way, the only way to invest in the endowment is by donating it to the school.
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Venture capital outperformed all other asset classes at the endowment for the past ten years.
The endowment returning 13.1% per annum for 35 years means that Yale made $45.6 billion during Swensen's tenure. All to support higher education.
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"When David Swensen ’80PhD died on May 5 after a nine-year battle with kidney cancer, he was remembered throughout the financial world for his Midas touch. Over his 35-year tenure as chief investment officer at Yale, Yale’s endowment averaged a remarkable 13.1 percent return, adding billions of dollars more to the university’s coffers than a conventional investment strategy would have. His strategy of looking beyond publicly traded securities to private equity and illiquid assets changed the way institutions invest—not least because so many of his former employees were hired to run other institutions’ endowments. As of June 30, 2020, the endowment was worth $31.2 billion and funded more than a third of Yale’s budget."
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"For David, his work with the endowment—critically important as it was—always served a larger purpose: Yale’s mission in the world. David believed deeply in this mission and in the promise of light and truth. He believed that opening Yale’s doors wider to the most talented and deserving students would ripple beyond our campus, improving every sector of society. He believed in the power of research and ideas to help us find meaning and extend life. Through his brilliant stewardship of Yale’s resources, David helped us fulfill our responsibilities to the world, while leaving an enduring imprint on this university. His work was quiet and largely unseen by many, but we—students, faculty, staff, and alumni—are its daily beneficiaries."
Marcelino Pantoja
in #Measurement
•
almost 3 years ago
Founder-in-Residence @ Platform Venture Studio
From the latest endowment report, I highlighted Swensen's tenure at Yale:
-
You would have nearly tripled your money in the last decade had you invested in the endowment. By the way, the only way to invest in the endowment is by donating it to the school.
-
Venture capital outperformed all other asset classes at the endowment for the past ten years.
Founder-in-Residence @ Platform Venture Studio
The endowment returning 13.1% per annum for 35 years means that Yale made $45.6 billion during Swensen's tenure. All to support higher education.
-
"When David Swensen ’80PhD died on May 5 after a nine-year battle with kidney cancer, he was remembered throughout the financial world for his Midas touch. Over his 35-year tenure as chief investment officer at Yale, Yale’s endowment averaged a remarkable 13.1 percent return, adding billions of dollars more to the university’s coffers than a conventional investment strategy would have. His strategy of looking beyond publicly traded securities to private equity and illiquid assets changed the way institutions invest—not least because so many of his former employees were hired to run other institutions’ endowments. As of June 30, 2020, the endowment was worth $31.2 billion and funded more than a third of Yale’s budget."
-
"For David, his work with the endowment—critically important as it was—always served a larger purpose: Yale’s mission in the world. David believed deeply in this mission and in the promise of light and truth. He believed that opening Yale’s doors wider to the most talented and deserving students would ripple beyond our campus, improving every sector of society. He believed in the power of research and ideas to help us find meaning and extend life. Through his brilliant stewardship of Yale’s resources, David helped us fulfill our responsibilities to the world, while leaving an enduring imprint on this university. His work was quiet and largely unseen by many, but we—students, faculty, staff, and alumni—are its daily beneficiaries."
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