Comparative Asset Allocation: Private Clients
Our biannual report summarizes asset allocation for 100 of Cambridge Associates’ US-based private clients.
US
Endowments Quarterly: Second Quarter 2017
Our quarterly report summarizes asset allocation and total investment performance for over 400 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 Quarter 2017
The Cambridge Associates LLC US Private Equity Index® returned 3.9%, slightly lower than its fourth quarter performance. Rebounding from a tough fourth quarter, the Cambridge Associates LLC US Venture Capital Index® returned 3.3%.
US Manager Universe Statistics: Second Quarter 2017
This chart book presents representative long-only and hedge fund manager performance for second quarter 2017. The median Global ex US Small-Cap manager posted the highest return for the quarter (8.9%), while the median Emerging and Frontier Markets manager posted the highest return for the trailing one-year period (24.0%). The median Cash Management manager posted the lowest return for the quarter (0.3%); for the trailing one-year period, the median Global ex US Bonds manager posted the lowest return (-0.6%).
US PE / VC Benchmark Commentary: Fourth Quarter 2016
Calendar year 2016 results for the Cambridge Associates LLC benchmark indexes for US private equity and US venture capital dramatically diverged: the private equity index had its best year since 2013 and the venture capital benchmark had its worst year since 2008.
Endowments Quarterly: First Quarter 2017
Our quarterly report summarizes asset allocation and total investment performance for over 400 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.
Tracing the Rise of Direct Lending: The Importance of Rates and Loan Structure
If passing the Dodd-Frank Wall Street Reform Act in July 2010 did not spawn direct lending, what did? In this analysis we explore the genesis of the recent direct lending phenomenon to identify risks to the strategy and what investors should watch going forward.
Is Deregulation the Death Knell of Direct Lending? Reviewing the Evidence
Some market participants have feared the worst for direct lending from a potential repeal of The Dodd-Frank Wall Street Reform and Consumer Protection Act. In this brief, we review the data and show that changes in banks’ lending behavior cannot clearly be traced to the passage of Dodd-Frank or its implementation.
Assessing the Track Records of “Predictive” Indicators
How much faith can investors put in the signs given by various “predictive” indicators? In this brief, we look at five indicators that have been in vogue in recent years, and review their track record.
US Manager Universe Statistics: First Quarter 2017
This chart book presents representative long-only and hedge fund manager performance for first quarter 2017. The median Emerging and Frontier Markets Equity manager posted the highest return for the quarter (11.9%), while the median US Small-Cap Value manager posted the highest return for the trailing one-year period (23.7%). The median Cash Management manager posted the lowest return for the quarter (0.3%); for the trailing one year, the median manager in only one strategy, Global ex US Bonds, posted a negative return (-1.3%).