Comparative Asset Allocation: Private Clients
Our biannual report summarizes asset allocation for 107 of Cambridge Associates’ US-based private clients.
US
Investment Publications Highlights: September 2016
September’s publication summarizes three articles related to the impact of US presidential elections on markets. The first reviews how individual investors’ portfolio allocations change depending on the party elected, the second argues that market volatility increases as voters become less uncertain about the eventual election winner, and the third examines the prospects for fiscal policy in different election outcomes.
Endowments Quarterly: Second Quarter 2016
Our quarterly report summarizes asset allocation and total investment performance for over 400 of Cambridge Associates’ US endowment and foundation clients. This quarter we used attribution analysis to examine the contribution of asset allocation and implementation decisions to total returns for the trailing one- and ten-year periods. Tables and charts in the report show returns…
Do Investors Have Time to Switch Cash Vehicles Before October’s US Money Market Reforms Take Hold?
Yes, although as the mid-October deadline for significant regulatory-driven changes to US money market mutual funds draws near, investors that wait may find themselves with fewer options for funds that will continue to offer stable net asset values.
US PE/VC Benchmark Commentary: First Quarter 2016
US private equity and venture capital funds had a tough first quarter in 2016, as indicated by the Cambridge Associates LLC benchmark indexes of the two alternative asset classes. The Cambridge Associates LLC US Private Equity Index® eked out a return of 0.2%; the Cambridge Associates LLC US Venture Capital Index® returned -3.3%.
The Presidential Cycle: Less Than Meets the Eye
Investors should cast a critical eye on claims that the presidential cycle will provide investment/trading opportunities.
US Manager Universe Statistics: Second Quarter 2016
This chart book presents representative marketable and hedge fund manager performance for second quarter 2016.
US PE / VC Benchmark Commentary: Fourth Quarter 2015
The Cambridge Associates LLC benchmark indexes for US private equity and US venture capital produced modest returns for fourth quarter 2015, leading to lower calendar year performance than either index earned in the two previous years. Both benchmark indexes outperformed the public indexes for the year, but not the quarter.
Endowments Quarterly: First Quarter 2016
Our quarterly report summarizes asset allocation and total investment performance for over 400 of Cambridge Associates’ US endowment and foundation clients. This quarter we used attribution analysis to examine the contribution of asset allocation and implementation decisions to total returns for the trailing one- and ten-year periods. Tables and charts in the report show returns…
US REITs: Building the Case
US REIT valuations are elevated, but the fundamental and technical picture does not support the underweights that many investors likely, though unintentionally, have.