作者：DavidF.Swensen
出版社：FreePress
副标题：AnUnconventionalApproachtoInstitutionalInvestment,FullyRevisedandUpdated
出版年：2009-1-6
页数：432
定价：USD35.00
装帧：Hardcover
ISBN：9781416544692
内容简介
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During his fourteen years as Yale's chief investment officer, David F. Swensen has transformed the management of the university's portfolio. Largely by focusing on nonconventional strategies, including a heavy allocation to private equity, Swensen has achieved an annualized return of 16.2 percent, which has propelled Yale's endowment into the top tier of institutional funds. Now, this acknowledged leader of fund managers draws on his experience and deep knowledge of the financial markets to provide a compendium of powerful investment strategies.
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. Any student of markets will benefit from Pioneering Portfolio Management.
作者简介
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David F. Swensen is Yale University's Chief Investment Officer and manages the university's $7 billion dollar endowment as well as several hundreds of millions of dollars in other investment funds. He serves as a Trustee of the Carnegie Institution of Washington, Director of the Investment Fund for Foundations, Member of the Hopkins Committee of Trustees and Member of the Investment Advisory Committees for the Howard Hughes Medical Institute and the State of Massachusetts. Mr. Swensen also teaches classes on portfolio management at Yale in New Haven
评论 ······
本书主要阐述了耶鲁大学捐赠基金作为机构投资者的投资方法，具有借鉴意义的是对于资产配置的方法。重点阅读了第4,5,6章。
The second edition is vastly revised. Always helpful.
组合管理实为日拱一卒，看到局限才能行至千里。然而，知易行难也。
well-rounded structured
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