This paper advises investors to carefully examine the risk, return, and correlation characteristics of their portfolios against those on which policy allocations are based; and rebalance from equities to bonds, from growth to value, and from financial to real assets.
Planned giving programs may face a number of challenges. There may be a tension between fund raisers and those charged with investment oversight, and inadequate gift acceptance criteria, poor investment planning, and high administrative costs can further complicate the situation. This report details Cambridge Associates` recommendations to nonprofits for combating the challenges mentioned above and…
This report analyzes diversified growth/value active manager structures and their underperformance relative to common benchmarks.
A summary of manager selection and evaluation.
A working paper that proposes an economic—as distinct from accounting—definition of endowment, along with discussion of the strategic importance of endowment.
An in-depth look at endowment risk, return, and spending.