Swensen Was Right All Along

David Swensen’s Pioneering Portfolio Management

Over the last 25 years, the ideas of the Endowment Model, as laid out in David Swensen’s Pioneering Portfolio Management, have impacted the management of trillions of dollars of capital. As the “alternatives” of 2000 have become mainstream, it is healthy to look at what has changed and the principles which were responsible for the Endowment Model’s remarkable results.