David Swensen

2 results

The laurels did not go to the flashiest players; they went to those pension funds who charged – and paid – the lowest fees. Photograph: Getty Images

Nearly half a century ago, Charles Ellis, a well-known US investment consultant, wrote an influential paper likening the money management business to (...)

 Uber launch on the floor of the New York Stock Exchange  on  May 10th, 2019. Photograph: Brendan McDermid/Reuters

Private equity markets have been enthusiastic backers of companies such as WeWork and Uber in recent years. However, stock markets have grown increasi(...)