News

Endowments and Towers

Bloomberg Baystate Business Hour, Bloomberg Radio

Letitia Johnson, managing director, spoke to Bloomberg Radio about key drivers behind double digit returns that university endowments are witnessing in FY 2017, highlighting asset allocation to global public equities and good active management.

Addressing the whether or not the “endowment model” works, Johnson argues that while it has certainly been challenged in recent years, the last 12 months has been a great example of it working. For Cambridge clients who are highly diversified, equity-oriented, using active management and have a long-term time horizon, it works really well. Patient investors who rode out the last few years are seeing the benefits now.

Listen to Johnson’s ~7 minute interview (which begins around the 12-minute mark) here.