This report summarizes returns, asset allocation, and related trends for 278 endowed institutions. Included are exhibits on asset class returns, performance attribution, risk analytics, policy portfolio benchmarking, and uncalled capital commitments. The analysis is broken down by size of assets under management and by institution type. The report also contains sections on investment manager structures, payout from the long-term investment portfolio, and investment office staffing and governance. Finally, accompanying this year’s report are videos which draw your attention to some of the report highlights and let you hear directly from the authors.
Tracy Filosa, Head of the CA Institute, introduces our 2018 Annual Endowment study.
Billy Prout, Senior Director in the CA Institute, recaps fiscal year 2018 performance, highlighting key performance drivers among study participants. |
Billy examines trends in asset allocation over the past decade and looks ahead to see what changes endowments are making in the future. |
Tracy discusses the endowment spending and additions, and looks at the range endowment support among participants. |
Grant Steele, Senior Director in the CA Institute, discusses how endowments staff their investment function and examines the balance of decision-making responsibilities between the investment office, outside advisers, and the Investment Committee. |