Comparative Asset Allocation: Private Clients
Our biannual report summarizes asset allocation for 80 of Cambridge Associates’ US-based private clients.
Research Publications Archive
Investment Publications Highlights: Third Quarter 2019
Third quarter’s edition summarizes five articles on machine learning.
With Peak Brexit Stress Seemingly Passed, Should UK Investors Boost Sterling Allocations?
No, sterling-based investors should not change their currency hedge ratios or their allocations to sterling-denominated assets based on potential Brexit outcomes.
Alternative Risk Premia: A Diversifying Option for Investors (Euro Edition)
Elevated equity market valuations and potentially rising bond yields suggest the return environment for traditional risk assets could be difficult. Faced with this challenge, institutional investors are seeking alternative sources of return. Alternative risk premia strategies—which harvest well-established risk premia and market anomalies across asset classes—may fit the bill.
Spending Policy Practices: 2019
Annual distributions from the endowment are a source of supplemental operating revenue for most endowed institutions. An institution’s endowment spending policy provides a basis for the calculation of the annual distribution, serving as a bridge that links the long-term investment portfolio and the enterprise. The data and analysis in this report cover a variety of spending topics, including spending rule types, the endowment’s support of operations, and effective spending rates.
Should Corporate Plan Sponsors Continue to Hedge Liability Interest Rate Risk?
Yes, maintaining a well-hedged pension plan is prudent risk management.
Market History
Equity market downturns are chaotic environments that are rarely short-lived—the best advice is to be prepared.
Portfolio Liquidity
Investors that have inflexible spending needs and large allocations to illiquid assets should plan how they will tackle the next downturn’s liquidity challenges.
Diversification Challenges
As investors prepare for the next equity market downturn, they should take a closer look at the benefits and limits of diversification.
Behavioral Roadblocks
Bear markets often trigger emotional responses that can sometimes lead investors to act contrary to their long-term objectives; as such they need simple strategies to help overcome their worst instincts.