David Swensen

“The most important shift in vetting hedge fund managers has been an increasing focus on the character and quality of people.”

David Swensen won’t appear on any list of the best-paid asset managers, nor will he make headlines for collecting edgy art or hosting swank charity fundraisers. But in his early and unequivocal embrace of hedge funds, the unassuming 54-year-old chief investment officer of Yale University’s $22.5

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