This publication presents manager performance for 37 asset classes and substrategies, showing the median, mean, and key percentiles of return. Relevant indexes for each asset class are also included to provide market context.

Summary Observations

• The median US Mid-Cap Growth Equity manager posted the highest median return for first quarter 2019, returning 19.3%. The median US Real Estate Investment Trust manager posted the best return (18.8%) for the one-year period ending March 31, 2019.

• The median Cash Management manager posted the lowest median return for first quarter 2019 (0.8%). The median Global ex US Small-Cap Equity manager suffered the worst performance (-10.7%) for the one-year period.