Pioneering Portfolio Management: An Unconventional Approach To Institutional Investment

During his fourteen years as Yale's chief investment officer, David F. Swensen transformed the management of the university's portfolio. Largely by focusing on nonconventional strategies, including a heavy allocation to private equity, Swensen achieved an annualized return of 16.2 percent, propelling Yale's endowment into the top tier of institutional funds. This book offers an overview of the investment world, insights from Swensen's experience managing Yale's endowment, and practical strategies for institutional fund managers. It addresses key concepts such as risk management, selecting investment advisers, and navigating different asset classes, illustrated with real-world examples.