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Newsletter
24 May 2005

 

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In this issue: news from the Yale family in Germany

In this issue: news from and about Yale

 

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Yale Club lunch, hike, and supper
in Wiesbaden this Saturday, May 28

HikeWhether you live in the greater Frankfurt area or not, you’re invited to join a special Yale Club day of eating and hiking in the foothills of the Taunus mountain range just north of Wiesbaden, about 50 minutes west of Frankfurt, this Saturday, May 28. The idea of a (hopefully) regular Yale hike was brought from Hong Kong, where it's a monthly Yale Club activity, by Bob Bonds (Yale College ’71).

You can come to just lunch, the two-hour hike, or dinner, or all three as you have time.

  • 12:45 p.m. — Meet for lunch at the sidewalk cafe/restaurant in front of the Palast Hotel, Kochbrunnenplatz, Wiesbaden. This is near the Kurhaus/Theater if you are looking for parking. Click here for map.
     
  • 2 p.m. — We'll depart the restaurant and take a local bus to the point where the hiking trail begins. So anyone who can’t come for lunch but who wants to hike should be at the restaurant at about 1:45 p.m.
     
  • 6 p.m. — After winding up back at Bob’s place (Roederstrasse 28) at about 5 p.m., we’ll have refreshments and wait for the dinner crowd. So anyone who can’t come for the hike but who wants to have supper should be at Bob’s place at about 6 p.m. Again, click here for map.

Please let Bob know if you are interested in joining any part of the day, or if you have any questions about how to get to Wiesbaden, or you’d like to come for an overnight stay and need accommodations. His e-mail address is rmb@sellersmedia.de and office telephone is 06122 95590. If you need to get in touch this Saturday, the actual day of the lunch/hike/supper, his mobile number is 0170 972 0168.

 

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Next Frankfurt get-together
set for Friday evening, June 24

FrankfurtAs Laura noted in last month’s newsletter, the Frankfurt chapter of the Yale family in Germany have agreed to set a fixed date for a more regular Stammtisch: the fourth Friday of every month. The only exception is this month, when the group met one week earlier to avoid a long holiday weekend.

So the next Frankfurt-area Stammtisch will be on Friday evening, June 24, at 7:30 p.m. we will be meeting on the fourth Friday of the month. The venue is again the Fidelio Weinkeller (tel. 069 725758), a great little bistro noted for its wine and classical music that’s just a short walk from the Alte Oper. The address is Bockenheimer Landstraße 1-3, and on the U-Bahn it’s close to the Alte Oper or Taunusanlage stations. Taunusanlage is just one stop away from the Frankfurt Hauptbanhof.

If you think you can come, please RSVP to Laura Sprague Sudhaus (Yale College ‘88) at laura_sudhaus@hotmail.com. And while you’ve got your calendar out, circle July 22, August 26, and September 23 for future Frankfurt get-togethers!

 

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Guided tour of Spanish art exhibition in
Hamburg on Wednesday evening, July 6

El GrecoOn Wednesday, July 6, the Yale Club of Germany will join together with the local Harvard Club chapter and the Insead Alumni Association of Germany for a joint event at the Bucerius Kunst Forum in Hamburg from 7 p.m. to 11 p.m. We will have the opportunity to view the gallery’s latest exhibit, Greco, Velazquez, Goya: Spanish Paintings from German Collections, at our leisure or with a guided tour when the museum is otherwise closed to the public.

This will be the first time that the most prominent examples of paintings by these masters held in German museums and private collections will be shown together. The exhibition opens May 28 and runs to August 21. Further information about the show may be found on the museum’s website.

In addition to our “private viewing” there will be a light buffet dinner and drinks. The cost per person is to be confirmed, but the official invitations will be going out before the end of this month. Meanwhile, please save the date! If you have questions before the invitations are sent, please contact Rita Pearson-Schwandt (Yale College ’87) by e-mail.

 

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Class of 2009 admissions: the
most competitive in Yale’s history

Nathan Hale
 
In celebration of the 250th
anniversary of the birthday
of Nathan Hale, the Sons of
the American Revolution will
place a wreath at the patriot's
statue on Monday afternoon,
June 6, in front of Connecticut
Hall on the Old Campus.
 

The class entering Yale College this September will be, by far, the most competitive in the school’s history. The number of applications (19,448) was just a fraction of a percent lower than last year’s all-time record; the percentage of those offered admission, 9.7%, was the lowest ever; and the percentage of admitees who have accepted Yale’s offer — what admissions offices refer to as the “yield” rate — is the highest in history, at 72% (up from 68.1% last year).

In case you missed the item in Laura’s April newsletter from David MacBryde (Yale College ’64), who chairs our Alumni Schools Committee (ASC), there were 37 applicants to Yale from Germany this year, and unfortunately none of them were accepted. As David said, “This is of course a considerable disappointment for many of us who interviewed students,” but it’s the inescapable price to be paid for Yale’s increasing selectivity. “Hopefully those of you who do interviews in Germany are not too discouraged and will be willing to do so again next year!”

Meanwhile, David again wishes to express special thanks to those who interviewed this year: Rolf Betz, Ted Bissell, Bob Bonds, Mark Bruce, Annette Burton, Nicola Byok, Tomaz Cebasek, Sybille Dellbrugge, Georg-Hermann Dellbrugge, Siegfried Elsing, Gerhard Gerhardi, Bartley Grosserichter, Alice Hattemer, Alan Huckleberry, James Hunt, David Ilten, Detlef Maennig, Ralph Marquetand, Christian Masuch, Jane Newman, Michael Parker, Rita Pearson-Schwandt, Thomas Sambuc, Otto Sandrock, Alexis Slater, Bettina Stark, Laura Sudhaus, Volker Wehdeking, and Susan Winnett. And all of us wish to thank David for coordinating all those interviews, not even mentioning the ones he did himself!

 

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An invitation to Schloss Wartin

Schloss WartinCharles Elworthy (Yale Graduate School ’88) and Jochen Mengel (Yale Law School ’87) run the European Academy Schloss Wartin east of Berlin, not far from the Polish border. The idea of developing a beautiful environment with rose gardens and pianos where they can host seminars, conferences and visiting scholars is at the core of their vision.

On Friday afternoon, August 12, they will be creating the “Stiftung Collegium Wartinum.” As their idea of the Stiftung (foundation) was very much inspired by their experience at Yale, they would be delighted to welcome any Yalies who would like to participate. On Sunday, August 14th, they will be hosting a concert at 4 p.m. in the village church. For more information, you can check their website.

 

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Most recent Berlin stammtisch
attracts Yalies from all over

Yalies in BerlinWell, maybe not from all over, but certainly from Frankfurt! When the Yale family in Berlin held a stammtisch get-together at the end of April, they invited other Yalies from all over Germany to join in — and four hearty souls from the Frankfurt area took them up on it.

The Friday evening get-together on April 29, held at the delightfully cozy Café Bilderbuch in the city’s Schöneberg district, brought together Pamela Biel (Yale College '82), Bob Bonds (Yale College '71), Tomaz Cebasek (Yale College '94), Jane Dailey (Yale College '86), Charles Elworthy (Yale Graduate School '88), Fred Flindell (Yale College '47), David MacBryde (Yale College '64), Jochen Mengel (Yale Law School '87), David Nirenberg (Yale College '86), and Laura Sprague Sudhaus (Yale College '88).

The following day, Tomaz Cebasek (Yale College ’94) kindly provided a personal tour of historic Berlin for an enthusiastic group of Yalies who were eager to learn more about the capital city. Thanks, Tomaz!

[The photo above shows a part of the group in front of the Reichstag building, with its celebrated dome designed by Lord Norman Foster (Yale School of Architecture ’62). Our tour guide, Tomaz Cebasek, is second from right.]

 

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Yale’s new vice president for
development hails from Germany

Inge ReichenbachPresident Levin has announced the appointment of Inge Reichenbach as Yale's new vice president for development, the university’s senior fundraising position. In her new post, which she assumes next month, she succeeds Charlie Pagnam, who had been at Yale for 27 years and had served as VP for development since 1998.

A native of Germany, Reichenbach earned degrees in classical and romance philology at Heidelberg, and has served as Cornell University's vice president of alumni affairs and development since 1995.

"Inge Reichenbach brings a wealth of experience to a task that is of critical importance to Yale's future," Levin said. "The breadth and depth of her knowledge of the academic enterprise is outstanding, and the entire officer team at Yale is impressed by her strategic understanding of the challenges involved in fundraising today."

Reichenbach, who will assume her position at Yale in June, said, "I couldn't be more delighted to join Yale and become part of a truly outstanding team under the leadership of Rick Levin. I very much look forward to leading Yale's fundraising efforts with its impressive and dedicated development staff. Together, I am confident, we will make the upcoming campaign a resounding success."

Under Reichenbach's leadership, Cornell recorded its all-time high of $386 million in giving last year, placing it third among peer institutions in overall giving and first in the category of alumni giving. Prior to assuming her vice president post at Cornell, she was director of the school's successful $1.5 billion capital campaign from 1988 to 1995.

 

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Yale commits to providing international
opportunities for all undergraduates

Yale sceneYale has announced a new policy of offering all Yale College students the opportunity to study or work abroad.

“We are committed to providing international opportunities for each student,” said President Levin in outlining the policy earlier this month. “We are more than halfway to our goal and expect to reach it within three years. We believe that being an educational leader in this century requires our students to experience other countries as well as study them.”

Yale College Dean Peter Salovey added, “Ever since this ambitious goal was recommended by a faculty committee in 2003, we have been hard at work to increase the number of placements abroad for Yale undergraduates. Last year there were approximately 550 placements and this year we have more than 725.”

To advance its goal, Yale is providing undergraduates on financial aid with grant support for Yale–sponsored summer study and internships abroad. (Click here for the full press release on this topic from the Yale University Office of Public Affairs.)

 

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Frankfurter Allgemeine Zeitung looks at
Yale’s successful investment policies

FAZ logoThanks to David Ilten (Yale College ’60) for contributing a recent article on the front page of the financial section of the daily Frankfurter Allgemeine Zeitung (FAZ) newspaper, which takes a look at how Yale’s investments have outpaced institutional fund indices for more than 15 years thanks to the unconventional ways the university has diversified its portfolio. Over the past decade alone, Yale’s endowment has grown from $3.5 billion to $12.7 billion, and in fiscal year 2004 it generated returns of 19.4%. (The current value is reported to be just over $14 billion, although official returns for the current fiscal year ending June 30 will not be announced until late September or early October.)

In recent years, Yale has reduced its dependence on domestic stocks and moved its investments into less traditional asset classes. In 1984, more than 75% of the endowment was committed to U.S. stocks, bonds, and cash; today, that has been reduced to 22.5%, with the rest being devoted to foreign equity, private equity, absolute return strategies, and real assets. The endowment’s performance places Yale in the top 1% of large institutional investors.

For those who read German, a rough scan of the article as a single-page PDF file may be downloaded here (requires the Adobe Acrobat reader).

 

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Yale alumni invited to a free on-line
forum with Professor Robert Schiller

Prof. ShillerOn Tuesday, June 14, all Yale alumni are invited to attend an on-line forum entitled “Risky Business: Real Estate and Social Security on the Brink?” sponsored by AllLearn and featuring Yale economics professor Robert Shiller (photo).

Free to Yale alumni, this one-and-a-half hour on-line forum (scheduled for 6–7:30 p.m. German time) will give you an opportunity to engage in a real-time question-and-answer session with Professor Shiller, the renowned economist who predicted the stock market collapse of 2000 in his book Irrational Exuberance. In this two-part forum, you’ll get to hear what Professor Shiller has to say about the similarities between the stock market of the late 1990s and the current real estate bubble. You’ll also get his take on the controversial public debate over Social Security. Is it really in crisis? And if so, will the Bush plan fix the problem?

For details on the forum and how to enroll, click here to visit the forum’s page on the AllLearn website. The normal cost of forum participation is $49.00, but Yale alumni can participate for free by clicking “Enroll” on the course description page and then, on the following page, entering business100 in the promotion code field.

 

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Yale Club of Germany

President
David Ilten (Yale College ’60)
Tel. 069 622680
dfilten@aol.com

Treasurer
Alumni Schools Committee Chairman

David MacBryde (Yale College ’64)
Tel. 030 8229625
david.macbryde.bk.64@aya.yale.edu

Secretary
Laura Sprague Sudhaus (Yale College ’88)
Tel. 06198 501700
laura_sudhaus@hotmail.com

Newsletter
Bob Bonds (Yale College ’71)
Tel. 06122 95590 (office)
rmb@sellersmedia.de

If you want to “check in” with the Yale Club of Germany to let us know you’re here (yay!) or that you’re leaving (sob!), or if you need to change your e-mail address or other contact information, please let Laura know. She can also help you connect to other members of the Yale family in your area. Thanks!

 

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