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OCT. 14, 2005--The director of one of the largest higher education endowments in the nation will discuss his financial management techniques on Oct. 25 at UW-River Falls as the College of Business and Economics Executive in Residence program.            

David F. Swensen, a 1975 UW-RF graduate and its 1996 Distinguished Alumnus, will speak on "Managing Yale's Endowment" from 2:30 to 3:30 p.m. in the River Room in Rodli Commons. The event is sponsored by Pierce-Pepin Cooperative Services and is free and open to the public.

Swensen joined Yale University's as the foundation's chief investment officer in 1985, and manages more than $14 billion in endowment assets while directing a staff of 20. In recent years the endowment has generated returns of 16.1 percent annually. Prior to Yale, he spent six years on Wall Street developing new financial technologies for such nationally known investment firms of Lehman Brothers and Salomon Brothers.

Swensen is a trustee of TIAA, a Trustee of the Carnegie Institution of Washington, a trustee of The Brookings Institution and Treasurer of the Hopkins Committee of Trustees. 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, the Edna McConnell Clark Foundation and the states of Connecticut and Massachusetts.

He graduated from UW-RF with bachelor of arts and bachelor of science degrees. He earned master's degrees in arts and philosophy and a doctorate from Yale University.

Swensen has authored two books: "Pioneering Portfolio Management: An Unconventional Approach to Institutional Investment," published in 2000, and "Unconventional Success: A Fundamental Approach to Personal Investment," published in 2005.

Swensen comes from a family of UW-RF graduates. His brother, Dr. Stephen Swensen of the Mayo Clinic, is an internationally respected leader in cancer research, Clinic and the UW-RF 2005 Distinguished Alumnus. His father, Richard Swensen, is an emeriti dean of the College of Arts and Sciences; his mother, Grace, and siblings are alumni, as well as his uncle, Glen Hartman, who earned the1983 Distinguished Alumnus award. The Swensen family has lived in River Falls for more 50 years and have spent most of those years associated with the University.

Former Chancellor Gary A. Thibodeau said Swensen is "an example of a River Falls graduate who has gone into an extremely competitive career in finance, with a rise in managing huge portfolios ... that is amazing for a person of his age."

The event is free and open to the public. For more information, contact CBE Dean Barbara Nemecek at 715/425-3335.


Last updated: Thursday, 22-Apr-2010 16:06:38 Central Daylight Time

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