Education
Princeton Investment Chief Gets ‘Sparky’ Adieu in Mega Bond Sale
- Golden is an adherent, acolyte of Yale’s David Swensen
- Endowment gains account for two-thirds net operating revenue
Students walk on campus at Princeton University in Princeton, New Jersey.
Photographer: William Thomas Cain/Getty ImagesThis article is for subscribers only.
Princeton University’s renowned investment chief received an unusual send-off buried within the school’s bond documents ahead of his June retirement.
Andrew Golden, who grew the school’s endowment nearly tenfold over his almost 30-year tenure, is referred to by his nickname in a brief biography included in the documents for this week’s $812 million borrowing. “Before shifting his focus to investing, ‘Sparky’ Golden (aka ‘The Commodore’) was a professional photographer,” according to the deal’s preliminary official statement.