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Pioneering Portfolio Management: An Unconventional Approach to Institutional Investment

Pioneering Portfolio Management: An Unconventional Approach to Institutional Investment

          
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About the Book

In his 14 years as Yale's chief investment officer, David Swensen has propelled the university's investment portfolio into the top one per cent of institutional funds. Here, he articulates his philosophy and strategies of portfolio management. From Booklist Swensen has been the chief investment officer for the past 14 years at Yale University, where he is responsible for managing and investing more than $6 billion of the university's endowment assets and investment funds. Realizing an annual return of more than 16 percent on his investments, Swensen has added more than $2 billion to Yale's coffers, and his consistent track record has attracted the notice of Wall Street portfolio managers. Here Swensen provides a brief history of endowment funds and explains the purpose of endowment accumulation and the goals for institutional portfolios. One of the strategies behind his success has been to diversify asset classes and move beyond a reliance on domestic marketable securities. He distinguishes between traditional and alternative asset classes, looks at performance evaluation issues and tools, and considers the investment decision-making process. Although its audience will be limited, this book is a necessary purchase for libraries with collections that include the topic of investment management.David RouseCopyright © American Library Association. All rights reserved Review Richard C. LevinF.W. Beinecke Professor of Economics and President, Yale UniversityDavid Swensen's creative and disciplined approach to investment has given Yale the resources it needs to augment its capacity for excellence in scholarship and teaching. Those who absorb the wisdom in this book will likewise strengthen the institutions they serve. About the Author David F. Swensen is the chief investment officer of Yale University and the bestselling author ofPioneering Portfolio Management. He serves on the boards of TIAA, The Brookings Institution, Carnegie Institution, and Hopkins School. At Yale, where he produced an unparalleled two-decade investment record of 16.1 percent-per-annum returns, he teaches economics classes at Yale College and finance classes at Yale¹s School of Management. Mr. Swensen lives in New Haven, Connecticut.


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Product Details
  • ISBN-13: 9780684864433
  • Publisher: Free Press
  • Binding: Hardcover
  • Language: English
  • Weight: 635 gr
  • ISBN-10: 0684864436
  • Publisher Date: 22 May 2000
  • Height: 330 mm
  • No of Pages: 384
  • Width: 25 mm

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