Is the United States Likely to Enter a Period of Stagflation?
No. While inflation could continue to run hotter than central banks expect, the US employment situation is improving, and economic growth is unlikely to stagnate.
US
US Manager Universe Statistics: Third Quarter 2021
This publication presents manager performance for 37 asset classes and substrategies, showing the median, mean, and key percentiles of return. Relevant indexes for each asset class are also included to provide market context.
Crypto Considerations
The polarizing and often misunderstood cryptoasset landscape has grown exponentially in recent years. This paper reviews some of the space’s pressing issues, considers cryptoassets in a portfolio setting, and offers some considerations of different implementation options.
Research Digest: Infrastructure Economics
With a large influx in infrastructure investment seemingly around the corner in the United States, the third quarter 2021 edition of Research Digest features three papers on the economic effects of public infrastructure.
Endowments Quarterly: Second Quarter 2021
Our quarterly report summarizes asset allocation and total investment performance for 389 of Cambridge Associates’ US endowment and foundation clients.
US Employment, Inflation, and the New Federal Reserve Framework
In this paper, we review the Federal Reserve’s new monetary policy framework, consider how current inflation and employment data match up with its goals, and assess what’s implied by the Fed and market outlook.
US Manager Universe Statistics: Second Quarter 2021
This publication presents manager performance for 37 asset classes and substrategies, showing the median, mean, and key percentiles of return. Relevant indexes for each asset class are also included to provide market context.
Spending Policy Practices: Fiscal Year 2020
Annual distributions from the endowment are a source of supplemental operating revenue for most endowed institutions. An institution’s endowment spending policy provides a basis for the calculation of the annual distribution, serving as a bridge that links the long-term investment portfolio and the enterprise. The data and analysis in this report review the various spending rule types used among our endowed clients. Also included are analysis on the endowment’s support of operations and effective spending rate.
Foundation Annual Flash Statistics Report: Calendar Year 2020
The Foundation Annual Flash Statistics Report provides a first look at the results of our 2020 Foundation Annual Investment Pool Returns survey. Included in the analysis are a summary of investment pool returns, asset allocation, and returns after spending for 112 foundations. Additionally, the report provides detailed data by institution on asset allocation. Look for our full annual analysis in the upcoming Foundation Annual Investment Pool Returns report.
Endowments Quarterly: First Quarter 2021
Our quarterly report summarizes asset allocation and total investment performance for 397 of Cambridge Associates’ US endowment and foundation clients. In addition, the report contains tables and charts that show returns and asset allocation by peer type and asset size.