US

US Manager Universe Statistics: Fourth Quarter 2018

This chart book presents representative long-only and hedge fund manager performance for fourth quarter 2018. The median US Core Bonds manager posted the highest median return for fourth quarter 2018, returning 1.4%. The median Cash Management manager posted the best returns for the one-year period ending December 31, 2018, with a return of 2.0%. The median US Small-Cap Growth Equity manager posted the lowest median return for fourth quarter 2018 (-20.4%). The median Global ex US Small-Cap manager suffered the worst performance (-19.1%) for the one-year period.

College and University Flash Statistics Report: Fiscal Year 2018

The College and University Flash Statistics Report provides a first look at the results of our 2018 College and University Investment Pool Returns survey. Included in the analysis are a summary of investment pool returns, asset allocation, and returns after spending for 160 colleges and universities. Additionally, the report provides detailed data by institution on…

US Muni Bonds: The View From the Crow’s Nest

Left unaddressed, the significant and increasing problem of pension underfunding could sink some municipal issuers in the next market downturn. Although investors in high tax brackets will likely continue to benefit from holding municipal bonds as a cornerstone in their portfolios, they should diversify across states and issuers that are better prepared to navigate any rough seas ahead.