As 2020 comes to a close, we expect some key investment drivers to persist into next year. While our views speak to many different challenges confronting investors, including the poor bond yields on offer, the fate of US-China relations, and where to find growth, they are rooted in the belief that 2021 will be a year of healing for the global economy.
We offer a comprehensive outsourced CIO (OCIO) service that allows clients to focus on their fiduciary responsibility and strategic goals. Our OCIO approach is built upon three core elements that we believe are critical to a successful investment program:
- An integrated partnership between the investment team and the client
- A customized portfolio built to reflect the needs of the client
- Access to managers that leverages both Cambridge Associates’ and the client’s reputation in the marketplace
With nearly 20 years of experience as a discretionary management provider, we serve as a fully resourced investment office that replicates the best practices of leading in-house investment offices. Our outsourced CIO teams are accountable for portfolio strategy, implementation, day-to-day management, and operations. Our OCIO teams are backed by a global research platform and robust operational infrastructure, providing clients with access to world-class ideas with the ability to execute in a timely and operationally efficient manner.
This service model is available for total or partial portfolios and typically works well for clients who would prefer to spend their time on establishing portfolio guidelines and monitoring the performance of the portfolio while delegating day-to-day portfolio decisions.
Investors are facing a challenging period for earning what they spend and achieving adequate portfolio diversification. With most DM sovereign bond yields near or below zero, expected returns for bonds are at all-time lows and diversification qualities are constrained. In this edition of VantagePoint, we evaluate defense and diversification options to identify a modern approach to diversification in this low-yield era.
Our Latest Insights
Yes, because rising concentration reflects rising valuations for the largest stocks, which are likely to serve as a headwind to index returns. Further, the growing market share of these companies increases the potential for rising regulatory oversight.
Private investors and wealthy families face distinct portfolio management complexities. Our latest paper details how we build and manage portfolios to meet each private client’s long-term goals.
Investors have predominantly relied on developed markets sovereign bonds for defense in balanced portfolios, but low rates have diminished their diversification characteristics.
Healthcare systems appear to have navigated the most severe financial impact of the pandemic. We believe the present time provides an opportunity to reset investment strategy and recalibrate portfolios as necessary.
Register today for our Private Investments Summit on March 11th from 10:30am – 3:00pm ET. Join us as we uncover how investors can maintain long-term focus on private investments, while enduring volatility from all sides. If you’re interested, please email firstname.lastname@example.org
Mary Pang, Head of the Global Private Client Practice, discusses the unique considerations families face when investing for the long term, how wealth owners think about creating legacies with their assets, and the role private clients are playing in navigating and effecting change by investing for social impact.