Director Of Yale's $19.4B Endowment Has Cancer

Ann McClure's picture

Yale University's chief investment officer, who has overseen the dramatic growth of the Ivy League school's endowment to $19.4 billion, is undergoing treatment for cancer, university officials said Thursday.

Yale officials say David Swensen is taking a temporary leave from his teaching duties. Yale says he continues to direct the work of Yale's Investments Office in close collaboration with Senior Director Dean Takahashi.

Yale said the illness is a private matter and will not offer further comment while Swensen focuses on his treatment and recovery.

Swensen, named in 2009 by President Barack Obama to the Economic Recovery Advisory Board, is considered a pioneer by expanding the traditional focus on stocks and bonds and diversifying into alternative investments as well, such as private equity firms, hedge funds, venture capital and real estate.

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