Policy Punchline

Princeton Investment Company (PRINCO) CIO Andy Golden walks us through Princeton’s investment theses and manager selection processes, speaks to the importance of value add in partnerships, responds to divestment concerns, and addresses upcoming challenges in the finance and private equity industry. One of the most successful investors and endowment directors today, Andy manages Princeton's $26 billion Endowment through a global network of over 75 investment firms. He has grown the endowment from $3 billion when he arrived more than 20 years ago, and achieved an annualized return of 11.6 percent in the past 10 years – making PRINCO one of the highest performing endowments in the world. Andy became the third President of PRINCO in January 1995. He came to PRINCO from Duke Management Company where he was an Investment Director. He previously worked as a Senior Associate in the Investments Office at Yale University. Andy holds a B.A. in Philosophy from Duke University and an M.P.P.M. from the Yale School of