Comparative Asset Allocation: Private Clients
Our biannual report summarizes asset allocation for 95 of Cambridge Associates’ US-based private clients.
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Endowments Quarterly: Fourth Quarter 2018
Our quarterly report summarizes asset allocation and total investment performance for 381 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.
Private Property Trends: Analysis of Operating Metrics for US Real Estate Properties
Insights into key metrics for private US real estate managers and how they have evolved over time.
US Mid- to Large-Cap Equity Manager Performance: 2018
For the fifth straight year, the majority of active mid- to large-cap managers underperformed in 2018, with 61.1% underperforming (gross of fees) in 2018. The median manager underperformed the Russell 1000® Index by 136 basis points for the year. This chart book is our annual summary of the absolute and relative performance of managers that report to our database.
Under the Microscope: Private vs Public Company Operating Metrics
This analysis includes our observations and more than 30 charts on key metrics including purchase price multiples, leverage multiples, revenue growth, earnings (EBITDA) growth, and earnings (EBITDA) margin.
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.
Endowments Quarterly: Third Quarter 2018
Our quarterly report summarizes asset allocation and total investment performance for 387 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.
US PE / VC Benchmark Commentary: First Half 2018
For the first half of 2018, returns for US private equity and venture capital were strong, with only 1 percentage point separating the performance of the two asset classes, as indicated by the Cambridge Associates LLC benchmark indexes.
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.