The data and analysis in this report cover a variety of spending topics including spending rule types, the endowment’s support of operations, and effective spending rates. This year’s report also introduces the Cambridge Associates Endowment Spending Model.
Our quarterly report summarizes asset allocation and total investment performance for over 400 of Cambridge Associates’ endowment and foundation clients. The average return of the US Endowment and Foundation universe was 2.0% for the quarter ended March 31, 2015, an improvement from the previous quarter. Trailing one-year returns averaged 4.8%. Commentary in this quarter’s report…
This year we’ve added new exhibits on asset class–level performance and outperformance versus policy benchmarks. We’ve also added exhibits and commentary that explore drivers of investment performance. As with past years, this report also reviews investment returns, asset allocation trends, spending rules, investment manager structures and implementation, and other topics pertinent to endowment managers at…
This year we’ve added new exhibits on asset class–level performance and outperformance versus policy benchmarks. We’ve also added exhibits and commentary that explore drivers of investment performance. As with past years, this report also reviews investment returns, asset allocation trends, spending rules, investment manager structures and implementation, and other topics pertinent to endowment managers at…
Our quarterly report summarizes asset allocation and total investment performance for over 400 of Cambridge Associates’ endowment and foundation clients. The average return of the US Endowment and Foundation universe was flat (0.0%) for the quarter ended December 31, 2014, an improvement from the previous quarter. Trailing one-year returns averaged 4.4%. Commentary in this quarter’s…
This year we’ve added new exhibits on asset-class level performance and outperformance versus policy benchmarks. We also closely analyzed “net flow rates,” a measure of endowment health, which incorporate investment performance, endowment spending, and inflows that come in as gifts, and other funds designated for long-term investment. As with the past year, this report also…
This year we highlight unfunded commitment levels to private investments and estimated annual liquidity requirements for the portfolio. We also explore policy portfolio benchmarking and spending policy practices, including additions and withdrawals to the portfolio and support of operations. As with past years, this report also reviews investment management structures, the frequency of external managers…
This year we highlight unfunded commitment levels to private investments and estimated annual liquidity requirements for the portfolio. We also explore policy portfolio benchmarking and spending policy practices, including additions and withdrawals to the portfolio and support of operations. As with past years, this report also reviews investment management structures, the frequency of external managers…