Yale shifts endowment holdings
Yale continued to shift its investment holdings during the final months of 2000 amid turbulent market conditions.
The University dropped and replaced more than one-third of the securities held in its own name, according to a form Yale filed with the Securities and Exchange Commission yesterday. The Form 13-F, submitted by Yale Chief Investment Officer David Swensen for the quarter ending Dec. 31, 2000, contains more than 20 securities not on the filing for the previous quarter. More than two dozen holdings were divested entirely.
The high investment turnover rate in the...
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