Should Investors Fear $100 Oil?
Although crude oil prices above $100 a barrel will pinch consumer pockets, investor anxiety on this topic is both premature and exaggerated.
Research Publications Archive
Real Asset Dynamics: Agribusiness
Agribusiness private equity can be easy to overlook, but institutional investors would be remiss to disregard the sector. In this edition of Real Asset Dynamics, we examine the sector’s defining characteristics, recent industry trends, and their implications. Investors are cautious about agriculture investments. Farmland managers, which dominate the global private equity agriculture landscape, tend to…
Alternative Risk Premia Funds: An Attractive Diversifier? (Sterling 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 (ARP) strategies – which harvest well-established risk premia and market anomalies across asset classes – may fit the bill. ARP…
Comparative Asset Allocation: Private Clients
Our biannual report summarizes asset allocation for 103 of Cambridge Associates’ US-based private clients.
Comparative Asset Allocation and Total Return: UK Foundations and Endowments
Our biannual report summarizes asset allocation and total investment performance for 29 of Cambridge Associates’ UK foundation and endowment clients.
With Emerging Markets in Turmoil this Year, Are Active Managers Becoming More Aggressive or De-Risking?
Neither. The emerging markets equity managers that we respect and follow closely have not become meaningfully more aggressive; however, many have used the volatile market conditions to do some bargain hunting, upgrade portfolios, and modestly shrink their cash balances.
Mission-Related Investing: Insights and Perspectives
Investor approaches to mission-related investing (MRI) are as varied as the social and environmental outcomes they seek to achieve. Based on responses from 148 clients—54 of which are engaged in mission-related investing—this chart book explores trends in the structure, implementation, and governance of MRI programs; investor motivations and perceived challenges; and expectations for future growth in MRI investment activity.
Gender Lens Investing: Impact Opportunities Through Gender Equity
With a gender lens framework, investors can positively impact gender imbalances via their portfolio management choices; this paper provides tangible investment themes and implementable strategies.
Origination Year Defaults: A Canary in the Credit Coal Mine?
When evaluating US credit trends over the last two decades, an institutional loan default that occurs within its year of origination has often been an ominous sign The idea resembles the closely monitored first payment–default metric that consumer lenders track as a bellweather for loan quality A loan default within its year of origination has…
Will Value Stocks Be Able to Outperform Growth Again, Given the Rising Dominance of Tech?
Growth stocks may continue to outperform value for a bit longer this cycle, but we think it quite premature to declare the death of value.