Pioneering portfolio management : an unconventional approach to institutional investment / David F. Swensen.

Includes bibliographical references (p. 375-383) and index.

Introduction -- Endowment purposes -- Investment and spending goals -- Investment philosophy -- Asset allocation -- Asset allocation management -- Traditional asset classes -- Alternative asset classes -- Asset class management -- Investment process.

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.