Univ. justifies investment strategies 3.04.09
The stewards of the University’s endowment stood by their investment strategy in an annual report released Tuesday.
The stewards of the University’s endowment stood by their investment strategy in an annual report released Tuesday.
For the nation’s best endowment managers, it was clear years ago that something in the credit markets was off. Debt was too cheap and the economy’s brisk growth was bound to peter out.
The boom years are over. As reports of plunging endowments and vanishing student loans sweep across the world of higher education, Yale is well-positioned to weather the economic crisis, administrators responsible for the University’s budget said. But they, too, are feeling the strain of the recession on the University’s sources of income.
At a bash three years ago in honor of David Swensen’s 20th year at the helm of the Yale endowment, a curious bar chart showed the giving of several of Yale’s most generous donors. There were the Harknesses, memorialized on Yale’s most popular classroom building, at $128 million. The Sterlings, of library fame, came in at $151 million, topped by the Beineckes at $263...
More than a month after the Senate Finance Committee asked Yale and 135 other top universities to disclose details about how they spend their endowment riches, University officials have not quite finished preparing their response, a Yale spokeswoman said Thursday.
University President Richard Levin has garnered headlines in recent years for reaching out to China. Now, according to news reports, Yale will own a part of it — or at least part of its state-owned railroad.
In 1987, after just a few years on the job, Chief Investment Officer David Swensen met with a nervous University President Benno Schmidt ’63 LAW ’66.
A Massachusetts developer has sued Yale and a financial lender backed by the University, accusing the lender of proffering a high-interest loan in violation of a Massachusetts law aimed at mobsters and other racketeers who force high rates on borrowers with the threat of violence.
Yale Investments Office czar David Swensen GRD ’80 received a $1.1 million raise in 2005, increasing his salary to more than three times that of University President Richard Levin, according to Yale’s most recent federal tax filings. Swensen, who earned $2.7 million, was among three Yale employees with a paycheck over $1 million. Levin’s 2005 salary of $869,000 was only...
Some environmentalists are challenging Yale to put its money where its mouth is. In a report released this week, the Sustainable Endowments Institute awarded the University a B+ in an evaluation of the 200 richest North American universities’ sustainability practices. Yale earned the same mark it did last year and trails six schools that earned an A-, including Harvard...
The University endowment returned a staggering 28.0 percent last fiscal year, the strongest performance of any large college endowment fund so far this year.