Word: swensenã
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...Yale Chief Investment Officer David Swensen??who makes roughly $2 million a year—has criticized HMC’s high salaries in the past, saying that such pay “tears at the fabric” of the University and leaves HMC “inherently unstable...
...Swensen??s Yale fund has outperformed HMC by 0.5 percentage points per year since 1990, according to Bloomberg News...
Strauss said he agreed with Swensen??s view that Harvard’s in-house structure is a problem, and suggested that Harvard would have no trouble finding qualified people, especially alumni, who would manage the endowment for a fraction of the multi-million dollar salaries HMC managers have earned...
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