At Yale, an Investment Guru Grooms a New Generation

Peter Foley, Bloomberg via Getty Images

David Swensen, chief investment officer at Yale U. and a developer of the now-famous Yale Model of investing, spoke to colleagues in New York last year.
August 12, 2013 Premium content for subscribers. Subscribe Today

Earlier this summer, David F. Swensen, Yale University's investment chief, looked on as Peter H. Ammon left the New Haven campus to head up the $6.8-­billion endowment at the University of Pennsylvania.

For most other institutions, Mr. Ammon, who...

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