David Swensen, Yale University’s investment chief since 1985 who is credited with transforming how schools manage money, got a 15 percent increase in compensation to $3.6 million. The fund generated one of the top three-year returns at 12.8 percent. Swensen declined to comment.
“These guys make a lot of money, but they are responsible for a lot of assets,” said James Schroeder, executive vice president at DHR International in Chicago, a recruiter in the finance industry. “This just didn’t happen overnight -- the market has driven compensation to this level.”