This seminar seeks to introduce the world of investment management to students, across a range of investment strategies, from public stocks to private equity and real estate. The instructors, both senior members of the Yale Investments Office, the department that manages the University’s $42 billion endowment, will guide class discussion in response to assigned reading and guest speaker visits. The distinguished guest speakers – including world-renowned hedge fund managers, venture capital luminaries, and Yale’s chief investment officer Matthew Mendelsohn ’07 – are at the heart of the course. These speakers will join the seminar for a discussion of how their firms approach the investment landscape and how they seek to achieve market-beating returns.
After each guest speaker visit, students will be asked to analyze the speaker’s responses from the perspective of an institutional investor like Yale. Other course projects include case studies on ethical dilemmas and conflicts of interest, as well as asset allocation policy for various institutions. David F. Swensen’s Pioneering Portfolio Management (2nd edition) will be the primary reading for the course, but the instructors will provide additional required and suggested reading for each session.