Comparative Asset Allocation: Private Clients
Our biannual report summarizes asset allocation for 89 of Cambridge Associates’ US-based private clients.
Research Publications Archive
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.
Emerging Markets: Putting a Premium on Patience
Emerging markets equities have tested investors’ patience in recent years, but those with a long time horizon should maintain their overweights, as today’s exceptionally low valuations should pay off in higher returns
Why Did the US Federal Reserve Leave Rates at Zero . . . Again?
In this edition of C|A Answers, two members of our Capital Markets Research team provide different viewpoints on the Fed’s recent decision not to raise rates.
Assessing the Likelihood of Another EM Currency Crisis
We do not anticipate a systemic emerging markets currency crisis like that of the late 1990s, though EM currency weakness and volatility are likely to persist for the next few years.
Finding an Investment Niche: LA’s Underappreciated Tech Ecosystem
With a ready supply of technical talent and entrepreneurial opportunities, Los Angeles is emerging as an interesting venture capital opportunity.
What Role Do Real Assets Play in a Portfolio?
Real assets play a variety of roles in a portfolio, including driving growth, generating income, providing diversification, and preserving wealth. Sizing of real assets holdings and the composition of a real assets portfolio should be driven by both investor needs and the intended role of these assets in the portfolio. Generally speaking, portfolios holding real…
Annual Analysis of Foundation Investment Pool Returns: Calendar Year 2014
This report reviews portfolio returns, asset allocation, investment manager structures, and payout characteristics for 112 foundations. Analysis and exhibits include performance attribution, risk analytics, policy portfolio benchmarking, the impact of private investment programs on portfolio liquidity, the use of external managers by asset class, payout rates, payout distribution components, and payout objectives.
UK Equities: Curbed Enthusiasm
UK large-cap stocks are undervalued, but lack a clear near-term catalyst to unlock this value; mid-cap valuations are moving higher, but so too are earnings.
Has Recent Market Action Created Opportunities for Investors?
The answer depends on what kind of investor you are.