Research Publications Archive

Community Foundations: The Power of Aggregated Capital

| Endowment and Foundation Series | Download

Community foundation assets have grown steadily over the years, accumulating a mix of endowment funds and other funds with more expedient spend-down expectations. With the right expertise and attention, the endowment model can be applied to these complex, dynamic assets to differentiate the foundation and deliver on its mission. This paper discusses how community foundations can develop customized investment programs to better support their long-term goals.

Revving UK Pension Schemes’ Funding Engines

| Pension Series | Download

A number of UK defined benefit pension schemes have experienced significant funding level gains in recent years, driven by sponsor contributions, liability management exercises, and strong equity market returns. However, due to increased volatility in global equity markets, relatively high valuations in many market segments, and the late stages of the economic and credit cycles, optimising the scheme’s growth engine is more challenging than ever. This paper provides a framework for how to achieve that goal.

Currency Views and Valuations: June 30, 2019

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This chart book presents commentary and analysis of historical currency momentum, valuation, and fundamentals in nine base currencies: Australian dollar, British pound, Canadian dollar, euro, Japanese yen, New Zealand dollar, Singapore dollar, Swiss franc, and US dollar.

What to Expect From Your Direct Lenders When the Cycle Turns

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Direct lending, or senior debt, funds have come to dominate the private credit asset class, capturing significant portfolio allocations and outpacing fundraising of other private credit strategies. However, over the past 18 months, Cambridge Associates has felt enthusiasm for senior debt allocations cool as discussions turn to senior debt funds’ performance through the credit cycle.