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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 $23.9 billion.〔(Yale endowment rises to all-time high ), ''Yale Daily News'', September 25, 2014〕 Realizing an average annual return of 11.8 percent on his investments over the ten years to 2009,〔(Yale University Endowment Update 2009, p. 24 )〕 Swensen's consistent track record has attracted the notice of Wall Street portfolio managers. He is notable for inventing The Yale Model which is an application of modern portfolio theory. Swensen was listed third on aiCIO's 2012, a list of the 100 most influential institutional investors worldwide. ==Biography== After graduating from River Falls High School in 1971 Swensen elected to stay in his hometown of River Falls and receive his B.A. and B.S. in 1975 from the University of Wisconsin-River Falls where his father Richard Swensen was a professor. Swensen pursued a Ph.D. in economics at Yale, where he wrote his dissertation, ''A Model for the Valuation of Corporate Bonds.'' Prior to joining Yale in 1985, Swensen spent six years on Wall Street as senior vice president at Lehman Brothers,〔(Yale.edu - David F. Swenson )〕 specializing in the firm's swap activities, and as an associate in corporate finance for Salomon Brothers, where his work focused on developing new financial technologies. Swensen engineered the first swap transaction according to ''When Genius Failed: The Rise and Fall of Long-Term Capital Management'' by Roger Lowenstein. Swensen is a trustee of the Carnegie Institution of Washington and treasurer of the Hopkins Committee of Trustees. He serves as a trustee of TIAA (Teachers Insurance and Annuity Association of America), and a non-executive director of Schroders PLC. He has advised the Carnegie Corporation, the New York Stock Exchange, the Howard Hughes Medical Institute, the Courtauld Institute of Art, the Yale-New Haven Hospital, The Investment Fund for Foundations (TIFF), the Edna McConnell Clark Foundation, and the States of Connecticut and Massachusetts. At Yale, where he teaches endowment management at Yale College and at the Yale School of Management, he is a fellow of Berkeley College, an incorporator of the Elizabethan Club, and a fellow of the International Center for Finance. Some Yale alumni have mounted a campaign to name one of two new residential colleges after Swensen.〔(Alumni mount campaign for Swensen’s name on new college ), ''The Yale Daily News'' April 18, 2008.〕 In February 2009, Swensen was named to a two-year term on President Barack Obama's Economic Recovery Advisory Board.〔(White House Names Board of Outside Economic Experts ) Irwin, Neil and Michael D. Shear. ''Washington Post.'' P. D3. February 9, 2009. Retrieved 2-15-09.〕〔("Obama taps Swensen for Economic Advisory Board" ) ''Yale Bulletin'', 2-13-09. Retrieved 2-15-09.〕 In September 2014, Swensen began to move the Yale endowment away from investment in companies that have a large greenhouse footprint, expressing Yale's preferences in a letter to the endowment's money managers. The letter asked them to consider the effect of their investments on climate change, and to refrain from investing in companies that do not make reasonable efforts to reduce carbon emissions. This method was characterized by Swensen as a more subtle and flexible approach, as opposed to outright divestment. 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「David F. Swensen」の詳細全文を読む スポンサード リンク
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