Endowment Radar is a methodology that Cambridge Associates developed to visually evaluate the endowment’s role in the college and university enterprise. The four components of Endowment Radar measure the endowment’s role in supporting the annual budget (Endowment Dependence), pricing strategy (Endowment Support-to-Financial Aid), balance sheet health (Endowment-to-Debt), and financial sustainability (Net Flow Rate). Our 2022 […]
March 2023
Investing can often feel like steering a ship through stormy seas, traversing risks seen and unseen. In recent years, the siren song of investment products that appear aligned with achieving genuine social and financial returns—but are merely designed to attract assets—is one such danger. And this trend, coupled with economic uncertainty, creates a perfect storm […]
March 2023
No, while the recent outperformance and positivity surrounding Eurozone equities was justified by shifts in the macroeconomic landscape, we do not have confidence that outperformance will continue, given the challenges still facing the region. Therefore, we suggest investors keep Eurozone equity allocations in line with policy weights. Since their recent relative low point at the […]
March 2023
A healthcare system’s investment structure is intentionally aligned to match varying enterprise needs over the short, intermediate, and long term. Most have gravitated toward the use of tiers—pools of capital delineated as available immediately (operating cash), within the next few years (short-duration bonds), or strategically over time (long-term investment pools). However, the need for capital […]
March 2023
Regulations are often controversial, but few in recent history have had so many different interpretations and large revisions as the Special Financial Assistance (SFA) program for underfunded multiemployer pension plans (MEPP). Now that the dust has settled, one of the biggest risks for plan sponsors is not taking full advantage of the opportunities that are […]
February 2023
No, it’s not over, but the worst of it is past us. After the liquid token market’s remarkable January, some called an early spring. To be sure, January’s returns were extraordinary, with bitcoin up 39%. However, token prices are only back to levels seen prior to FTX’s collapse in November and the industry is still […]
February 2023
What a difference a couple of months makes. Economic conditions have improved since year-end 2022 due to the heady brew of China lifting its zero-COVID policy, Europe navigating its energy crisis better than anticipated, and cooling inflation in the United States. In early February, an exceptionally strong US labor report and a sharp rebound in […]
February 2023
Climate technologies (climate tech) have gained popularity among investors in recent years. These technologies encompass a broad set of assets that seek to provide solutions to the challenges associated with climate change. Such assets often include contribution to decarbonization of the global economy and incorporate investment themes such as the energy transition, sustainable food systems, […]
February 2023