Jun 26, 2017
Andy Golden is the President of Princeton University’s
Investment Management Company (PRINCO). Having grown from $3B
at the time of his arrival in 1995 to $22.5B today, PRINCO has been
among the highest performing endowments in the world. Andy came to
PRINCO from Duke Management Company, where he was an
Investment Director, and received his formative training in the
business working for David Swensen at the Yale University
Investments Office. Andy currently serves on the fund Advisory
Boards of several well-known private equity and venture capital
managers, including Bain Capital, General Catalyst Partners, and
Greylock Partners. He was a founding member of the Investors’
Committee of the President’s Working Group on Financial Markets and
serves as a Trustee of the Princeton Area Community Foundation and
Rutgers Preparatory School. Andy holds a B.A. in Philosophy from
Duke University and an M.P.P.M. from the Yale School of
Management.
Our conversation discusses Princeton’s endowment two decades ago
and today, including its strategic advantages as an institution,
shifts in thinking about asset allocation, decision making, team
development, and partnership with managers. Andy’s long tenure in
his seat, insight, and wisdom provides a treasure trove of
information about how a top endowment manager practices his craft,
and his subtle wit always keeps things light.
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