The 15% Frontier
With virtually limitless choices along the asset allocation spectrum, an allocation to private investments greater than 15% has served many investors well. Are you on the right track?
Research Publications Archive
Building a Portfolio Based on Shariah Principles: An Investor’s Guide
The Gulf region’s rapid rise in wealth over the past two decades has prompted increasing demand for Shariah-compliant offerings. While a full suite of solutions for institutional investors is still developing, the opportunity set today is sufficient to build a Shariah-compliant portfolio that offers growth, some diversification, and some protection against macroeconomic risks.
Has the Market Become Too Complacent Too Quickly?
The market has not become too complacent and continues to register the many potential risks on the horizon.
Scandal, Recession, and Impeachment, Yet Brazilian Stocks Are Flying
Brazil’s equity valuations, though by no means rich, are out of sync with its political uncertainty and economic distress.
US REITs: Building the Case
US REIT valuations are elevated, but the fundamental and technical picture does not support the underweights that many investors likely, though unintentionally, have.
Real Asset Dynamics: June 2016
This new publication will discuss trends in real assets, with a primary focus on private strategies (agriculture, energy, infrastructure, metals & mining, property, and timber) using Cambridge Associates’ unique dataset. Each edition will bring you insights from the leaders of our real assets research on what they think about an aspect of this market today. This first edition shares our views on the amount of capital raised by private equity funds to take advantage of the oil market dislocation.
Hedge Fund-ing the Pension Deficit
Select hedge funds have provided attractive long-term returns with reduced equity beta and can be integral to pension investment strategies.
What’s the Outlook for US Equities Given the Earnings Recession?
Risks to US equities remain firmly skewed to the downside, but as long as the Fed remains on hold and the twin earnings headwinds of weak oil/strong dollar continue to fade, US equities could continue to muddle along near recent levels.
The Foundation of Good Governance for Endowments and Investment Committees
Suboptimal governance can extend disappointing performance or perpetuate suboptimal past decisions. By contrast, good governance leads of its own design to necessary mid-course corrections. To create the conditions for good governance, endowments should assess whether they have in place the appropriate model for portfolio oversight and management, are upholding their fiduciary responsibilities, and are learning about peer best practices in structure, process, policies, and role of the portfolio.
What’s Behind the Recent Rally in Emerging Markets and Does it Have Further to Run?
In this edition of CA Answers, two members of our Global Investment Research team discuss the recent sharp rally in emerging markets. Aaron Costello addresses the factors behind the rally and their sustainability, while Sean McLaughlin reviews the valuation case and return potential for emerging markets equities. Aaron Costello: In my view, the rebounds in…