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Book - Product Information
Pioneering Portfolio Management: An Unconventional Approach to Institutional Investment
Rating: 4.5/5 Stars
Rank: 1759
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
Rouse Copyright © American Library Association.
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reserved
About the AuthorDavid F. Swensen is Yale University's Chief Investment Officer and
manages the university's $7 billion dollar endowment as well as several
hundreds of millions of dollars in other investment funds.
He serves as a
Trustee of the Carnegie Institution of Washington, Director of the
Investment Fund for Foundations, Member of the Hopkins Committee of
Trustees and Member of the Investment Advisory Committees for the Howard
Hughes Medical Institute and the State of Massachusetts.
Mr. Swensen also
teaches classes on portfolio management at Yale in New Haven
Editorials
Sample 3 of 4
Pioneering Portfolio Management: An Unconventional Approach to Institutional Investment
![]() | | | 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... read full editorial |
![]() | | | Review | | Richard C. Levin F.W. Beinecke Professor of Economics and President, Yale
University David Swensen's creative and disciplined approach to
investment has given Yale the resources it needs to augment its capacity... read full editorial |
![]() | | | Book Description | | During his fourteen years as Yale's chief investment officer, David F.
Swensen has transformed the management of the university's portfolio.
Largely by focusing on nonconventional strategies, including a heavy
allocation... read full editorial |
Customer Reviews
Sample 3 of 11
Pioneering Portfolio Management: An Unconventional Approach to Institutional Investment
![]() | | | everyone should read it! | | (milano Italy) August 2, 2000 - 5.0/5 stars | | This is the best book I have ever read on asset management: easy to
understand and at the same time full of useful insights. In my opinion,
regardless of the personal knowledge of finacial markets, everyone will
benefit... read full review |
![]() | | | Original thought and a rare look into an important world | | (Redwood City, CA USA) December 9, 2000 - 5.0/5 stars | | I give this the highest rating available for two reasons: First, it gives
rare insight into the forces driving generally any institution and in
particular investments by endowments and foundations. Second, Mr... read full review |
![]() | | | Truly unique insight into institutional portfolio management | | (United States) April 12, 2003 - 5.0/5 stars | | Swensen's book is a must-read for endowment managers and other
institutional investors, particularly those who take a fund-of-funds
approach (as does Yale, where Swensen is Chief Investment Officer).
Swensen aptly lays... read full review |
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