The Yale School of Management (SOM) has announced a $20 million gift from an anonymous donor to establish the Swensen Asset Management Institute.

In addition, the gift will support the appointment of Tobias J. Moskowitz as inaugural director of the institute, which is named for longtime Yale chief investment officer David F. Swensen (’80). In addition to creating an endowment fund in support of the institute and its directorship, the gift will create an endowed professorship, provide additional scholarship funding, and advance innovative programming aimed at enhancing the practice of asset management.

“Asset management is a field where financial and societal interests are inseparably intertwined. Skillful investment managers further all kinds of social goals—including fortifying university endowments, ensuring the strength of the funds that support individuals in retirement, and allocating capital to high-impact, high-growth businesses,” said Kerwin K. Charles, the Indra K. Nooyi Dean of SOM and Frederic D. Wolfe Professor of Economics, Policy, and Management. “The Swensen Institute will build on SOM’s tradition of phenomenal academic work in the area of finance and further amplify our ability to impact this critical field by demonstrating how effective, principled, and values-based asset management serves both business and society.” 

(Photo credit: Getty Images/f11 photo)