Cheyne founded Yale Capital Corporation in 2004 after managing portfolios for five years with the Equities Division of Goldman, Sachs & Co., from 1994 to 1999, and five years with Merrill Lynch’s Private Advisory Group, from 1999 to 2004. He received his master’s degree in Public & Private Management from Yale University. Cheyne has specialized in MLP management for some 20 years, perhaps the longest tenure of any manager in this space. Furthermore, Cheyne offers specialized knowledge as a tax-efficient manager of domestic and international exchange-traded investments. His primary academic influence, Mr. David Swensen, manager of one of the best revered institutional portfolios–the Yale University Endowment Fund–inspired Cheyne’s approach to endowment-style investing.