Should Investors Avoid China Due to Rising US-China Tensions?
No, we still believe China remains an important exposure for investment portfolios.
May 2020
Foundation Spending Strategies Vary for 2020
In April 2020, Cambridge Associates conducted a survey of our foundation clients to gauge sentiment about spending for the current year and to understand potential sources of flexibility and liquidity in light of the COVID-19 pandemic. This year has brought tremendous disruption and uncertainty, but foundations are approaching these challenges with responsive philanthropy and a long-term view, so they can support important causes in 2020 and beyond.
May 2020
Endowment Governance Part 2 – Building the Team
The “secret sauce” to long-term investment success is, in most cases, the governance that guides and oversees the investment program. In this series, we discuss the roles and responsibilities of governance; highlight the steps to build a diverse and collaborative committee, and outline the culture of a well-functioning committee.
May 2020
Liability Hedging in Response to Pandemic Crisis
April 8, 2020 - The economic impact from the COVID-19 virus has been swift, creating a dichotomy between “risk-free” Treasury interest rates and corporate spreads. In this paper, we outline how hedging programs may need to re-align their strategies given the current circumstances while continuing to lean on the basics.
April 2020
Balancing the Financial Equation: Your Closest Supporters Have Never Been More Important
For non-profit institutions, the disruptions caused by the COVID-19 virus, and the speed by which these disruptions have materialized, create a perfect financial storm.
April 2020
Navigating Healthcare System Investments Through the Coronavirus Crisis
April 8, 2020—The COVID-19 pandemic has inflicted significant duress upon the operational and financial situations of nonprofit healthcare systems. An immediate response was necessary to escalate staffing, spending, and resources to provide emergency treatment to those affected by this highly contagious outbreak.
April 2020
The Complex Relationship Between Inflation and Asset Prices
March 23, 2020— As we write in March 2020, COVID-19 is spreading across much of the world, undercutting economic activity. While how this situation will unfold is not entirely clear, we have long believed that the best way to guard against future uncertainty is to have a well-constructed portfolio. One key component in that is understanding the relationship between asset prices and inflation.
March 2020
VantagePoint: The Bear Awakens
March 18, 2020—The bear has finally come out of his long hibernation, causing us to dust off our playbook for weathering bear markets.
March 2020