Pioneering Portfolio Management: An Unconventional Approach to Institutional Investment, Fully Revised and Updated - Hardcover

Swensen, David F.

Hardcover

ISBN 10: 1416544690 ISBN 13: 9781416544692

Publisher: Free Press, 2009

Synopsis

In his fourteen years as Yale's chief investment officer, David Swensen has revolutionised management of the university's investment portfolio. By relying on nonconventional assets, including private equity and venture capital, Swensen has achieved a remarkable annualised return of 16.2 percent, which has added more than $2 billion to Yale's endowment. With his exceptional performance record prompting many other institutional portfolio managers to emulate his approach, Dr. Swensen has long been besieged by professionals in the field to write a book articulating his philosophy and strategies of portfolio management.

Pioneering Portfolio Managementprovides a road map for creating a successful investment programme. Informed by Swensen's deep knowledge of financial markets, and ranging from the broad issues of goals and investment philosophy to the strategic and tactical aspects of portfolio management - such as handling risk, selecting investment advisers, and negotiating the opportunities and pitfall in individual asset classes - the book provides a vital source of information for anyone involved in institutional investments.

About this title

Review:

Peter L. Bernstein, President Peter L. Bernstein, Inc. This book will be a classic: it is essential reading for all investors, great and small. David Swensen is a leader and pioneer whose words reveal a rare combination of courage, integrity, and intelligence. No one can fail to find value here.

Jack R. Meyer, President and CEO,

Harvard Management Company, Inc.

A masterful work by the master himself. We at Harvard wish that David Swensen would find a new job.

Barton M. Biggs, Chairman,

Morgan Stanley Dean Witter Investment Management

David Swensen is one of the best and most original fiduciaries of modern times. His thinking has survived the battlefields and it has worked for big money.

Burton G. Malkiel, Chemical Bank

Chairman's Professor of Economics, Princeton University

One of the world's most successful institutional fund managers presents powerful insights to help us become better investors. A must-read for both institutional and serious individual investors.

Peter L. Bernstein, President

Peter L. Bernstein, Inc.

This book will be a classic: it is essential reading for all investors, great and small. David Swensen is a leader and pioneer whose words reveal a rare combination of courage, integrity, and intelligence. No one can fail to find value here.

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 for excellence in scholarship and teaching. Those who absorb the wisdom in this book will likewise strengthen the institutions they serve.

Jack R. Meyer, President and CEO, Harvard Management Company, Inc. A masterful work by the master himself. We at Harvard wish that David Swensen would find a new job.

Burton G. Malkiel, Chemical Bank Chairman's Professor of Economics, Princeton University One of the world's most successful institutional fund managers presents powerful insights to help us become better investors. A must-read for both institutional and serious individual investors.

Barton M. Biggs, Chairman, Morgan Stanley Dean Witter Investment Management David Swensen is one of the best and most original fiduciaries of modern times. His thinking has survived the battlefields and it has worked for big money.

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 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 Yale University's CIO and manages the university's $7 billion dollar endowment as well as several hundreds of millions of dollars in other investment funds. He also serves as a trustee and director on various investment boards and teaches at Yale.

About this edition

• Publisher: Free Press
• Publication date: 2009
• ISBN 10: 1416544690
• ISBN 13: 9781416544692
• Binding: Hardcover
• Number of pages: 432