Value Strategies Down, Not Out
Global value style equity investing has been challenged in 2015, but long-term investors may be well served by staying the course, as the time to rebalance further into value may be on the horizon.
Research Publications Archive
Energy MLPs: Attractive Yields in a Time of Uncertainty
Unit prices have sold off in sympathy with energy-related assets, but higher yields and reasonable fundamentals should translate into strong returns in the long term.
What’s Next for the US Dollar?
Even given the recent decline in the dollar, we still view the currency as vulnerable in the near term, but it ultimately has more to run before the next depreciation cycle begins.
Now That Emerging Markets Equities Are Very Undervalued, Should Investors Increase Overweights?
No. We continue to advise small overweights to Asia ex Japan or emerging Asia relative to US equities, but would not suggest investors add more substantial overweights unless they have an exceptionally long time horizon and the ability to tolerate substantial volatility. The risks to emerging markets are well known. Commodity weakness, a slowdown in…
Private Investments: Filling a Pension’s Return Void
Well-diligenced private investments in a skillfully constructed portfolio are important growth drivers that have helped pension funds deliver superior performance and increased the probability of meeting or exceeding long-term required returns.
Revisiting Fixed Income Investing When Interest Rates Rise
Investors should be wary of modifying their bond exposures solely based on what they think interest rates might do, and focus instead on bonds’ role in the portfolio and on mitigating risk/return asymmetry at current yields.
Comparative Asset Allocation and Total Return: UK Foundations and Endowments
Our biannual report summarizes asset allocation and total investment performance for 31 of Cambridge Associates’ UK foundation and endowment clients.
The Saudi Market Is Open for Business. Is This an Attractive Off-Benchmark Opportunity?
The Saudi equity market is closer to presenting an interesting opportunity for international investors than this time last year.
Comparative Asset Allocation: Private Clients
Our biannual report summarizes asset allocation for 89 of Cambridge Associates’ US-based private clients.
Want to Own a Previously Private Equity–Owned Company? Quite Possibly YES
Whether investors are ready to admit it or not, sponsor-to-sponsor transactions—in which one private equity sponsor sells its stake in a company to another private equity sponsor—are here to stay, and that may not be a bad thing.