Univ. justifies investment strategies
The stewards of the University’s endowment stood by their investment strategy in an annual report released Tuesday.
The report on the endowment, published yearly in the spring, provides a comprehensive account of how Yale’s endowment was invested during fiscal year 2008. Because of the current economic turmoil, the report includes an unprecedented update on the endowment’s performance through the end of calendar year 2008. The report also gave Chief Investment Officer David Swensen a platform to defend his investment strategy in the face of criticism of the fund’s estimated 25...
