Yes, we expect it will. Tomorrow, Joe Biden will be inaugurated as the 46th president of the United States, and while his party will only hold a slim majority in Congress, we believe his key policy initiatives will provide a supportive backdrop for risk assets in 2021.
First half 2020 was downright Dickensian (as in a “tale of two quarters”); first quarter returns were down as the COVID-19 pandemic began to close economies, while second quarter performance was strongly positive as public and private investments rebounded.
The 2020 Under the Microscope analysis highlights US PE industry trends leading into the COVID-19 crisis. The analyses indicate that 2019 was in many ways a continuation of the cycle of elevated acquisition and leverage multiples, with PE-backed companies showing sustained revenue and EBITDA growth.
Our quarterly report summarizes asset allocation and total investment performance for 389 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.
The College and University Flash Statistics Report provides a first look at the results of our 2020 College and University Investment Pool Returns survey. Included in the analysis are a summary of investment pool returns and asset allocation for 159 colleges and universities. Additionally, the report provides detailed data by institution on asset allocation and…
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.
Our biannual report summarizes asset allocation for 122 of Cambridge Associates’ US-based private clients.
This general election will be one of the most unusual in modern history. Investors should not tweak portfolios based on election prognostication.
Our quarterly report summarizes asset allocation and preliminary investment performance as of June 30 for 394 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.)
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 provide an in-depth look at the various spending rule types that are used among our endowed clients. Also included are analysis on the endowment’s support of operations and effective spending rate.