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Would you like to tell us about a lower price? If you are a seller for this product, would you like to suggest updates through seller support? 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 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.

Read more Read less. Frequently bought together. Add both to Cart. These items are shipped from and sold by different sellers. Show details. Ships from and sold by Amazon SG. Customers who viewed this item also viewed. Page 1 of 1 Start over Page 1 of 1. Previous page. Portfolio Management: Theory and Practice. Next page. Review Barton M. 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. Jack R. A masterful work by the master himself. We at Harvard wish that David Swensen would find a new job.

Richard C. Levin F. 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. 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. Bernstein, PresidentPeter L.

Malkiel, Chemical BankChairman'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. Barton M. He also serves as a trustee and director on various investment boards and teaches at Yale.

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Most helpful customer reviews on Amazon. Verified Purchase. Pioneering Portfolio theory is a must read. As other reviewers have said it's essential for any endowment manager. However, it's also a great read for those not interested in asset management. Besides being a fantastic overview of different asset classes and how to think about them, Swensen talks at length about alignment of incentives, how to balance the qualitative and quantitative, and how differing timeframes influence your decisions.

All of which are huge components of the decisions anyone makes that often aren't thought about rigorously. Swenson does an excellent job explaining the method and reasoning behind the endowment he manages and why it takes a different approach and thinking to managing an endowment as big as the one he manages. This book would also be an excellent resource and read for pension fund managers - especially those in states whose pensions are in trouble.

Loving every paragraph. Great for investment fundamentals. No get-rich-quick schemes here -- just good sense, integrity, and discipline. A concise, straightforward summary of some of the most important investing ideas from a true legend of the field.

A far cry from the dozens of get-rich-quick investing books that too often populate the shelves of bookstores, David Swensen's book instead provides the foundations and principles for how to approach institutional and individual investing for the long term. He's the real deal, and so is this book. Go to Amazon. Back to top. Get to Know Us.

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Reviewing Swensen's Pioneering Portfolio Management

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Pioneering Portfolio Management: An Unconventional Approach to Institutional Investment

David F. Swensen is the chief investment officer of Yale University and the bestselling author of Pioneering Portfolio Management. At Yale, where he produced an unparalleled two-decade investment record of Swensen lives in New Haven, Connecticut. 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.


Information is Power

Swensen presents an overview of the investment world populated by institutional fund managers, pension fund fiduciaries, investment managers, and trustees of universities, museums, hospitals, and foundations. He offers penetrating insights from his experience managing Yale's endowment, ranging from broad issues of goals and investment philosophy to the strategic and tactical aspects of portfolio management. Swensen's exceptionally readable book addresses critical concepts such as handling risk, selecting investment advisers, and negotiating the opportunities and pitfalls in individual asset classes. Fundamental investment ideas are illustrated by real-world concrete examples, and each chapter contains strategies that any manager can put into action. At a time when it is becoming increasingly difficult to cope with the relentless challenges provided by today's financial markets, Swensen's book is an indispensable roadmap for creating a successful investment program for every institutional fund manager.



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