In spring 2023, Yale SOM announced the creation of the Swensen Asset Management Institute, which will further the study and practice of asset management by supporting research, convening thought leaders, and funding scholarships.
About the Swensen Asset Management Institute
- The Swensen Institute will be led by Tobias J. Moskowitz, the Dean Takahashi ’80 B.A., ’83 M.P.P.M. Professor of Finance. Moskowitz is a leading researcher in financial markets and investments, including the behavior of prices and investors.
- The institute will build on David Swensen’s legacy of investment excellence guided by a set of values, ethical rigor, and a sense of purpose.
- The institute will support faculty research, convene conferences and colloquia that will bring expert practitioners to Evans Hall, and support students interested in the field of asset management. Details about its programming will be announced soon.
- The Swensen Institute’s activities will augment existing programs across the school, including the Master’s in Asset Management and the MBA for Executives Asset Management Area of Focus.
David Swensen (1954-2021) assumed management of the Yale endowment in 1985, and over the subsequent 35 years, the endowment generated $36 billion in added value relative to a benchmark portfolio. Swensen’s innovative approach, which included diversifying the endowment’s holdings in non-traditional asset classes, such as natural resource funds, private equity, and venture capital, became known as the “Yale Model” and has had widespread influence.