Yale Investing Chief Swensen Tops University Pay at $4.7M

A spokesman for Yale declined to comment on the filing.

Wealthier schools in the U.S. have made their investment chiefs the highest paid executives as they've grown more dependent on market gains to help offset the cost of education.

While Swensen, 65, has led Yale's investment office since the 1980s and produced one of the best performances in higher education, his pay has often trailed peers.

Yale has posted a return of 11.6% in the five years through June 2018, the second-best gain in the Ivy League.

Narv Narvekar, the head of Harvard University's endowment, collected $9.3 million in 2017, which included $2.75 million to reimburse him for pay when he agreed to leave his prior job, the Ivy League school said in a press release last week.

Harvard's tax filing showed he got $13 million, but the school said the amount was inflated by Internal Revenue Service accounting rules that required it to include a portion of future contractual obligations.

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