David F. Swensen has been the Chief Investment Officer at Yale University since 1985. He is responsible for managing and investing the University's endowment assets and investment funds, which total $19.4 billion. Realizing an average annual return of 11.8 percent on his investments over the ten years to 2009, Swensen's consistent track record has attracted the notice of Wall Street portfolio managers. Currently, he lives in New Haven, Connecticut with his children Tory, Alex, and Tim.
He is chiefly notable for having invented what has become known as "The Yale Model" which is an application of Modern Portfolio Theory.
Read more about David F. Swensen: Biography, The Yale (or Endowment) Model, Criticism of The Endowment Model, Swensen Alumni, Unconventional Success, Other Contributions, Bibliography
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“The whole tree itself is but one leaf, and rivers are still vaster leaves whose pulp is intervening earth, and towns and cities are the ova of insects in their axils.”
—Henry David Thoreau (1817–1862)