CINXE.COM
Swensen Asset Management Institute | Yale School of Management
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</div> <div class="site-header__banner"> <div class="site-header__branding"> <a class="logo-link" aria-label="Yale School of Management home page" href="/"> <picture> <source srcset="/themes/custom/som/images/logos/yalesom_logo_horizontal_dark-min.svg" width="400" height="59" alt="Yale School of Management logo" media="(min-width: 768px)" /> <img src="/themes/custom/som/images/logos/yalesom_logo_stacked_dark-min.svg" class="yalesom-logo" width="205" height="101" alt="Yale School of Management logo"/> </picture> </a> </div> <div class="site-header__home-link"> <a class="link" href="/"> <svg class="icon" > <use xlink:href="/themes/custom/som/dist/icons.svg#arrow-right-no-fill"></use> </svg> Yale SOM Home </a> </div> </div> <div class="site-header__page-title"> <h1 class="site-header__title site-header__title--xl "> Swensen Asset Management Institute </h1> </div> <div class="site-header__submenu-container"> </div> </header> <main id="main-content" class="site-main"> <section class="layout--m layout--margin-m layout layout--one-column" aria-labelledby="paragraph-heading-63716"> <div class="layout__content"> <div class="layout__regions"> <div class="layout__region layout__region--one"> <div id="paragraph-heading-63716" class="paragraph paragraph--type--heading" > <h2 class="heading heading--none heading--light heading--l "> 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. </h2> </div> <div id="paragraph-button-63806" class="paragraph paragraph--button paragraph--stacked-button"> <a class="som-link som-link--secondary som-link--medium" href="https://som.yale.edu/story/2023/yale-som-receives-major-gift-launch-swensen-asset-management-institute"> <span class="som-link__text">Read the announcement</span> <span class="animated-arrow animated-arrow--right"> </span> </a> </div> </div> </div> </div> </section> <div class="layout--l layout--margin-m layout layout--one-column"> <div class="layout__content"> <div class="layout__regions"> <div class="layout__region layout__region--one"> <figure id="paragraph-image-grid-63803" class="image-grid image-grid--odd image-grid--mosaic3-large-first"> <div class="image-grid__grid"> <div class="image-grid__image-item"> <picture> <source srcset="/sites/default/files/styles/portrait_672_/public/2023-04/SOMstudentsincouncourse.jpg.webp?itok=Aycy0IgK 1x, /sites/default/files/styles/portrait_1334_/public/2023-04/SOMstudentsincouncourse.jpg.webp?itok=S-d5eiZk 2x" media="all and (min-width: 768px)" type="image/webp" width="415" height="672"/> <source srcset="/sites/default/files/styles/portrait_420_/public/2023-04/SOMstudentsincouncourse.jpg.webp?itok=1q5WfZv9 1x, /sites/default/files/styles/portrait_840_/public/2023-04/SOMstudentsincouncourse.jpg.webp?itok=hjr4y68T 2x" type="image/webp" width="260" height="420"/> <img src="/sites/default/files/styles/portrait_420_/public/2023-04/SOMstudentsincouncourse.jpg.webp?itok=1q5WfZv9" width="260" height="420" alt="Students in the concourse of Evans Hall" loading="lazy" /> </picture> </div><div class="image-grid__image-item"> <picture> <source srcset="/sites/default/files/styles/card_672_/public/2023-04/Moskowitzteaching.jpg.webp?itok=RQJCSqab 1x, /sites/default/files/styles/card_1344_/public/2023-04/Moskowitzteaching.jpg.webp?itok=SkG29CeM 2x" media="all and (min-width: 768px)" type="image/webp" width="672" height="415"/> <source srcset="/sites/default/files/styles/card_420_/public/2023-04/Moskowitzteaching.jpg.webp?itok=qpfsbzo5 1x, /sites/default/files/styles/card_800_/public/2023-04/Moskowitzteaching.jpg.webp?itok=zDIe51oq 2x" type="image/webp" width="420" height="260"/> <img src="/sites/default/files/styles/card_140_/public/2023-04/Moskowitzteaching.jpg.webp?itok=KLYu0tlz" width="140" height="87" alt="Prof. Tobias Moskowitz" loading="lazy" /> </picture> </div><div class="image-grid__image-item"> <picture> <source srcset="/sites/default/files/styles/card_672_/public/2023-04/Studentsinlibrary.jpg.webp?itok=HMiNzZ8f 1x, /sites/default/files/styles/card_1344_/public/2023-04/Studentsinlibrary.jpg.webp?itok=cWJZpWxn 2x" media="all and (min-width: 768px)" type="image/webp" width="672" height="415"/> <source srcset="/sites/default/files/styles/card_420_/public/2023-04/Studentsinlibrary.jpg.webp?itok=so8Dpgqo 1x, /sites/default/files/styles/card_800_/public/2023-04/Studentsinlibrary.jpg.webp?itok=qXOMBqwb 2x" type="image/webp" width="420" height="260"/> <img src="/sites/default/files/styles/card_140_/public/2023-04/Studentsinlibrary.jpg.webp?itok=AI7EBW7I" width="140" height="87" alt="Students in the library" loading="lazy" /> </picture> </div> </div> <figcaption class="image-grid__caption"></figcaption> </figure> </div> </div> </div> </div> <section class="layout--m layout--margin-m layout layout--one-column" aria-labelledby="paragraph-heading-63736"> <div class="layout__content"> <div class="layout__regions"> <div class="layout__region layout__region--one"> <div id="paragraph-heading-63736" class="paragraph paragraph--type--heading" > <h3 class="heading heading--none heading--bold heading--m "> About the Swensen Asset Management Institute </h3> </div> <div class="text-long"><ul><li>The Swensen Institute will be led by <a href="https://som.yale.edu/faculty-research/faculty-directory/tobias-j-moskowitz">Tobias J. Moskowitz</a>, 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.</li> <li>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.</li> <li>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.</li> <li>The Swensen Institute’s activities will augment existing programs across the school, including the <a href="https://som.yale.edu/programs/mms-asset-management">Master’s in Asset Management</a> and the <a data-entity-substitution="canonical" data-entity-type="node" data-entity-uuid="d6d32d37-905c-49fb-a5d0-8717cb8f7564" href="/node/227597">MBA for Executives Asset Management Area of Focus</a>.</li> </ul></div> </div> </div> </div> </section> <section class="layout--m layout--margin-m layout--bg layout--bg-ice layout--edge-column layout layout--one-column layout--bg layout--bg-ice" aria-labelledby="paragraph-heading-63805"> <div class="layout__content"> <div class="layout__regions"> <div class="layout__region layout__region--one"> <div id="paragraph-heading-63805" class="paragraph paragraph--type--heading" > <h3 class="heading heading--none heading--bold heading--m "> David Swensen </h3> </div> <div id="paragraph-text-with-media-63807" class="text-with-media text-with-media--left text-with-media--image " > <div class="text-with-media__media"> <figure class="figure"> <div class="media media--image media--half-scaled" role="group"> <picture> <source srcset="/sites/default/files/styles/scaled_1344_/public/2023-04/DSwensensq.jpg.webp?itok=9ZQfNy4s 1x, /sites/default/files/styles/scaled_2688_/public/2023-04/DSwensensq.jpg.webp?itok=KQZboeRA 2x" media="all and (min-width: 1080px)" type="image/webp" width="140" height="140"/> <source srcset="/sites/default/files/styles/scaled_672_/public/2023-04/DSwensensq.jpg.webp?itok=LphiW1yx 1x, /sites/default/files/styles/scaled_1344_/public/2023-04/DSwensensq.jpg.webp?itok=9ZQfNy4s 2x" media="all and (min-width: 768px)" type="image/webp" width="140" height="140"/> <source srcset="/sites/default/files/styles/scaled_420_/public/2023-04/DSwensensq.jpg.webp?itok=jK6wLpEc 1x, /sites/default/files/styles/scaled_840_/public/2023-04/DSwensensq.jpg.webp?itok=4owgYW3g 2x" type="image/webp" width="140" height="140"/> <img src="/sites/default/files/styles/scaled_140_/public/2023-04/DSwensensq.jpg.webp?itok=85H3gy7j" width="140" height="140" alt="David Swensen" loading="lazy" /> </picture> </div> <figcaption class="figure__caption"> <span class="figure__credit"></span> </figcaption> </figure> </div> <div class="text-with-media__content"> <div class="text-long"><p>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.</p> </div> </div> </div> <div class="text-long"><p><a href="https://news.yale.edu/2021/05/06/self-confident-yet-selfless-yales-david-swensen-dies-67">Read more about Swensen's life and contributions to Yale University.</a></p> <p><a href="https://som.yale.edu/news/2018/10/alumni-spread-the-yale-model-of-endowment-management">Read about SOM graduates who worked with Swensen and now manage major endowments.</a></p> </div> </div> </div> </div> </section> </main> <div id="block-customcss" role="complementary" aria-label="Custom CSS" data-region="pre-footer"> <div class="text-long"><style type="text/css"> <!--/*--><![CDATA[/* ><!--*/ .teaser--enews-announcement.teaser--row .teaser__image img { width: auto; } @container (min-width: 512px) { #paragraph-som-custom-app-64873 .layout--three-column .layout__content { display: grid; 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