R.I.P. David Swensen; 67

David Swensen, the chief of Yale’s endowment fund, died Wednesday evening at 67 after a nine-year battle with cancer. 

Known for laying the groundwork for the modern venture capital- and private equity industries, Swensen made Yale’s endowment office the hottest place on campus. He diverted Yale’s money from just stocks and bonds into more alternative assets like hedge funds, real estate, and even timber (he knew).

David Swensen Net Worth 2021: Yale Endowment's Pioneer ...
  • Swensen’s strategies grew Yale’s endowment from $1.3 billion in 1985 → $31.2 billion in 2020. It’s currently the second largest university endowment, trailing only Harvard’s. 
  • In 2019, Yale’s endowment accounted for about a third of its entire operating budget.

The “Yale model.” Boasting returns better than some top hedge fund managers, Swensen could have traded it all in for a glamorous Wall Street high rise and a cartoonishly eye-popping salary, but he remained dedicated to the university. Swensen instilled the same principles in his mentees, who were scouted by private sector firms before ultimately following in his higher-ed footsteps.

REST-in-PEACE

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PODCAST: Stock Market Impact on Health Care

The Dramatic Rise in the Stock Market Over the Last 10 Years Has Caused Institutional Investors Like Pension Funds to Re-balance to Private Equity

EP269: COVID-19—Prepping for the Next Wave: What Payers ...

By Eric Bricker MD

A Typical Pension Fund Portfolio Will Be 51% Bonds, 28% Equities, 6% Real Estate, 5% Private Equity, 4% Other and 6% Cash. As a Result of Rebalancing Money Out of Skyrocketing Equities, Private Equity Funding Has Doubled to Over $1.2 Trillion in the Last 10 Years.

Specifically in Healthcare, Private Equity Investment in Providers (i.e. Physician Groups, Surgery Centers, Imaging Centers, etc.) Doubled to $30 Billion in Just ONE YEAR. The Private Equity Investment on the Payor Side of Healthcare PALES in Comparison at Only $1 Billion. The Majority of These Private Equity Investments Plan on Making Money By INCREASING Healthcare Costs in a Fee-for-Service Payment Environment.

Healthcare Costs Don’t Rise By Accident. They Rise Because Specific People Make Specific Plans to Increase Costs to Earn a Return on Their Investment.

Sources: https://www.ssga.com/investment-topic…​, https://www.barrons.com/articles/reba…​, https://www.privateequityinternationa…

Private equity sees a lot to like in healthcare

PODCAST LINK: https://www.youtube.com/watch?v=X3hpyeQaKDk

ASSESSMENT: Your thoughts are appreciated.

Diversification: https://medicalexecutivepost.com/2014/11/12/the-negative-short-term-implications-of-diversification/

Hospital Endowment Fund: https://medicalexecutivepost.com/2015/01/08/on-hospital-endowment-fund-management/

ORDER Textbook: https://www.amazon.com/Comprehensive-Financial-Planning-Strategies-Advisors/dp/1482240289/ref=sr_1_1?ie=UTF8&qid=1418580820&sr=8-1&keywords=david+marcinko

Product Details

SECOND OPINIONS: https://medicalexecutivepost.com/schedule-a-consultation/

THANK YOU

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R.I.P. Doctor-Patient Relationships?

Is the doctor-patient relationship the biggest victim of Covid-19?

By Richard Walker

QUERY: How many patients were harmed by disruption to routine medical care?

And, could the most damaging aspect of the Corona Virus pandemic be the routine medical care of patients by their doctors?

Sally Pipes

ANSWER: BRI Board Chair Sally Pipes thinks so … WATCH NOW!

LINK: https://www.foxnews.com/opinion/coronavirus-lockdown-how-many-harmed-disruption-medical-care-sally-pipes

ASSESSMENT: Your thoughts are appreciated.

THANK YOU

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