Pioneering Portfolio Management: An Unconventional Approach to

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

An indispensable roadmap for creating a successful investment program from Yaleâ€™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.
Country USA
Brand Simon & Schuster
Manufacturer Free Press
Binding Hardcover
ItemPartNumber 9781416544692
ReleaseDate 2009-01-06
UnitCount 1
UPCs 001416544690
EANs 9781416544692

Country	USA
Brand	Simon & Schuster
Manufacturer	Free Press
Binding	Hardcover
ItemPartNumber	9781416544692
ReleaseDate	2009-01-06
UnitCount	1
UPCs	001416544690
EANs	9781416544692

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

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