Research

CA Answers: Do Recent Events Change the Outlook for Insurance-Linked Security Strategies?

Answers to our clients’ questions about market action and the market environment in a few paragraphs every two weeks. The strong Atlantic hurricane season and Mexican earthquakes have resulted in a tragic loss of life and property. Insurance-linked securities (ILS), meanwhile, have suffered a less dramatic impact. Estimated insurance losses for 2017 from earthquakes, hurricanes, […]

Latin American Private Equity Limited Partners Opinion Survey

Cambridge Associates partnered with the Latin American Private Equity & Venture Capital Association (LAVCA) to conduct an annual survey of global institutional investors about their views on Latin American markets. The survey report covers both domestic and international investors’ views of private equity opportunities and challenges in Latin America, based on responses from 103 limited partners.

Private Credit Strategies: An Introduction

Private credit offers distinct advantages and appeal in a low return environment, but investors should be aware that behind the name is a diverse array of strategies, some more familiar to institutional investors than others, each with idiosyncratic risks. In this report, we describe the broad array of private credit strategies and position them along the risk/return spectrum, review the investment process, discuss expectations for the performance of these strategies in various parts of the economic cycle, and highlight some key risks for investors to consider.

Private Energy: Deserving a Place

The potential for strong performance and use as a diversifier give private energy investments merit as part of portfolios.

Navigating the “Alphabet Soup” of Mission-Related Investing

Mission-related investing. Socially responsible investing. Impact investing. Sustainability investing. Environmental, Social, and Governance. Also known as: MRI, SRI, II, SI, ESG. The lexicon of mission-related investing can sometimes feel like “alphabet soup.” There is no universal framework for the terminology and the strategies that we include under the umbrella of mission-related investing are expansive—and often […]

Policy Benchmarking: A Guide to Best Practices

Policy benchmarking is a critical component of building and managing a successful investment program. In this paper we set out our comprehensive benchmarking framework and then zero in on the policy benchmark as the primary reference point for evaluating investment decisions.

Newly Issued Guidance for UK Pension Schemes Emphasizes Need to Consider ESG Factors

Sustainable investing and the consideration of environmental, social, and governance (ESG) factors continue to gain prominence. The new 2017 investment guidance for defined benefit (DB) schemes from The Pensions Regulator (TPR) in the United Kingdom has material new ESG content. This follows similar guidance for defined contribution (DC) schemes issued last year. Cambridge Associates has prepared this short piece to summarise this guidance and its implications for pension scheme investment strategy, including how we might help.

CA Answers: Is the Recent Concentration of US Equity Performance in a Small Number of Stocks a Cause for Concern?

Answers to our clients’ questions about market action and the market environment in a few paragraphs every two weeks. Not in our opinion. Recent market leadership by the so-called FAAMG stocks is not extraordinary relative to history, and their valuations and fundamentals, combined with this year’s relatively healthy market breadth, mean that they don’t necessarily […]