The current health crisis is creating extraordinary financial disruptions for nonprofit enterprises. While institutional needs and resources are far from uniform, each must tread carefully and evaluate thoughtfully before making short-term spending decisions that will impact the institution forever.
Our biannual report summarizes asset allocation and total investment performance for 31 of Cambridge Associates’ UK foundation and endowment clients.
Our biannual report summarizes asset allocation for 122 of Cambridge Associates’ US-based private clients.
Yes, but the opportunity set is currently limited.
This general election will be one of the most unusual in modern history. Investors should not tweak portfolios based on election prognostication.
The global pandemic has created unprecedented challenges to the enterprises and financial circumstances of endowed institutions, requiring an extensive response. In June 2020, Cambridge Associates conducted a study focused on endowment spending and other sources of liquidity these institutions are turning to in order to manage the financial disruption.
Yes, investors should consider making tactical changes because of valuation differentials exacerbated by the COVID-19 pandemic, but they should size them appropriately given elevated uncertainty.
We provide context for the US government recommendation for endowments to divest from Chinese companies, highlight practical considerations if institutions elect to comply, and encourage institutions to reaffirm their approach to investing in Chinese equities.
Yes, investors who have made tactical bets in gold should consider scaling back their positions and locking in some gains.
This chart book examines historical currency momentum, valuation, and fundamentals in nine key currencies—US dollar (USD), British pound (GBP), euro (EUR), Swiss franc (CHF), Japanese yen (JPY), Australian dollar (AUD), New Zealand dollar (NZD), Canadian dollar (CAD), and Singapore dollar (SGD)—to help investors understand how these currencies behave against other major currencies.