Pioneering Portfolio Management: An Unconventional Approach to Institutional Investment / Edition 2

Pioneering Portfolio Management: An Unconventional Approach to Institutional Investment / Edition 2

by David F. Swensen
     
 

View All Available Formats & Editions

ISBN-10: 1416544690

ISBN-13: 9781416544692

Pub. Date: 01/06/2009

Publisher: Free Press

An indispensable roadmap for creating a successful investment program from Yale’s chief investment officer, David F. Swensen.

In the years since the now-classic Pioneering Portfolio Management was first published, the global investment landscape has changed dramatically — but the results of David Swensen's investment strategy for the Yale

Overview

An indispensable roadmap for creating a successful investment program from Yale’s chief investment officer, David F. Swensen.

In the years since the now-classic Pioneering Portfolio Management was first published, the global investment landscape has changed dramatically — but the results of David Swensen's investment strategy for the Yale University endowment have remained as impressive as ever. Year after year, Yale's portfolio has trumped the marketplace by a wide margin, and, with over $20 billion added to the endowment under his twenty-three-year tenure, Swensen has contributed more to Yale's finances than anyone ever has to any university in the country. What may have seemed like one among many success stories in the era before the Internet bubble burst emerges now as a completely unprecedented institutional investment achievement.

In this fully revised and updated edition, Swensen, author of the bestselling personal finance guide Unconventional Success, describes the investment process that underpins Yale's endowment. He provides lucid and penetrating insight into the world of institutional funds management, illuminating topics ranging from asset-allocation structures to active fund management. Swensen employs an array of vivid real-world examples, many drawn from his own formidable experience, to address critical concepts such as handling risk, selecting advisors, and weathering market pitfalls.

Swensen offers clear and incisive advice, especially when describing a counterintuitive path. Conventional investing too often leads to buying high and selling low. Trust is more important than flash-in-the-pan success. Expertise, fortitude, and the long view produce positive results where gimmicks and trend following do not.

The original Pioneering Portfolio Management outlined a commonsense template for structuring a well-diversified equity-oriented portfolio. This new edition provides fund managers and students of the market an up-to-date guide for actively managed investment portfolios.

Product Details

ISBN-13:
9781416544692
Publisher:
Free Press
Publication date:
01/06/2009
Edition description:
REV
Pages:
432
Sales rank:
143,774
Product dimensions:
6.40(w) x 9.30(h) x 1.40(d)

Table of Contents

FOREWORD BY CHARLES D. ELLIS

TOBIN'S FRIEND: FOREWORD TO THE 2000 EDITION

1. INTRODUCTION

2. ENDOWMENT PURPOSES

3. INVESTMENT AND SPENDING GOALS

4. INVESTMENT PHILOSOPHY

5. ASSET ALLOCATION

6. ASSET ALLOCATION MANAGEMENT

7. TRADITIONAL ASSET CLASSES

8. ALTERNATIVE ASSET CLASSES

9. ASSET CLASS MANAGEMENT

10. INVESTMENT PROCESS

APPENDIX: IMPURE FIXED INCOME

NOTES

ACKNOWLEDGMENTS

INDEX

ABOUT THE AUTHOR

Customer Reviews

Average Review:

Write a Review

and post it to your social network

     

Most Helpful Customer Reviews

See all customer reviews >