David Swensen

  • Hedge Funds for Yale, but Not for Everybody

    By Staff Writer  |  February 1, 2006

    NEW YORK (HedgeWorld.com)--Yale University's hedge fund investments returned 18% for the past fiscal year. Other alternatives did even better for the school. The overall portfolio made more than 22% in the fiscal year ending June 30, 2005. But institutions or individuals aspiring to follow the US$15 billion endowment's example have...

  • Study Highlights Benefits of Illiquidity

    By Staff Writer  |  August 30, 2004

    NEW YORK (HedgeWorld.com)--People tend to be painfully aware of the risks of holding illiquid assets but less mindful of the extra return that can be obtained by taking these risks. A review of current research evaluating the costs and benefits of illiquidity shows that some investment behavior in this regard...

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