Ellis: Yale checked up to 25 references compared to industry standard four
Charlie Ellis · Charley Ellis – The Magic of David Swensen (Capital Allocators, EP.197) · May 31, 2021 · at 11:16
Charlie Ellis compares the reference check volume across the 14 investment committees he served on versus Yale's process under David Swensen.
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“I've served on 14 different investment committees, and the usual due diligence is four or five references for any major manager decision. Ah, not at Yale. 15, maybe. 20, maybe. Might even get to 25.”
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