Yes, but the opportunity set is currently limited. To date, the large amount of government stimulus and lax credit enforcements, the differentiated impact of COVID-19 on real estate sectors, and the challenges associated with valuing assets have worked to keep broad-based distress at bay for now.
Real assets deserve a spot in investors’ portfolios, but the role they play can vary. With more than 30 years of experience in real assets investing, we have the expertise to thoroughly evaluate the role of real assets within each client portfolio and determine the appropriate holdings based on each client’s distinct goals and risk tolerances.
Recognizing that manager selection is paramount to the success of a real assets program, we employ a holistic approach when evaluating strategies and investing our clients’ real assets portfolios. Our real assets investment team scours the universe of opportunities across public and private real estate, infrastructure, and natural resources to build strategic real assets programs that target above-market returns over the long term.
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.
Our Latest Insights
Yes, investors who have made tactical bets in gold should consider scaling back their positions and locking in some gains.
In the first episode of our Reshaping Industry audio series, we tackle the evolving landscape of racial equity investing, particularly in the wake of George Floyd’s death, and talk key steps that institutional investors can take to achieve racial equity goals within their portfolios.
Do investors stand to gain more from a Trump victory or a Biden win in November’s US general election? Presidents often have a mix of market-friendly and market-unfriendly policies. Mitigating factors, such as a divided government, can offset market concerns or enthusiasm relating to one specific candidate’s policies. Investors should not tweak portfolios based on election prognostication.
Nonprofit institutions have not been spared from the impact of COVID-19. In June 2020, when many endowed institutions were completing fiscal year 2020 and on the brink of a new fiscal year, we issued a survey that focused on endowment spending and other sources of liquidity for these institutions.
In this video series, several of our practitioners share their current views on both global and region-specific private equity and venture capital markets, recent performance trends, and insights from their latest experiences.
Listen in as Cambridge Associates thought leaders from our Real Assets Investment Group participate in a video panel to discuss the current state of real assets markets and how we are positioning portfolios for the long-term. Join us for an insider’s view of our investment process across real estate, infrastructure and natural resources.