Asset Allocation

Diversity and Emerging Managers

Posted by Commonfund Institute on May 21, 2018

Topic: Asset Allocation | Industry Knowledge | Investment Strategy | Responsible Investing

The benefits of diversity are widely recognized in the work place and among educational institutions and other nonprofits. Yet, the concept of investment management firms that are minority owned and operated lags, partly because of the challenge of attracting investors’ capital . . .

Read Now

Inflation Expectations are Rising. How Can Investors Protect Portfolios?

Posted by Ivo C. Nenin, Kristofer Kwait on May 14, 2018

Topic: Asset Allocation | Industry Knowledge | Investment Strategy | Market Commentary | Real Assets

In March, capital markets entered their tenth year of post-crisis recovery. For diversified portfolios, these have been some of the most profitable times, characterized by strong returns, positive correlations between equities and bonds and robust illiquidity premiums from private programs . . .

Read Now

After the G-Zero: Overcoming Fragmentation (login required)

Posted by Commonfund on May 7, 2018

Topic: Asset Allocation | Industry Knowledge | Investment Strategy | Market Commentary

In this Commonfund Forum 2018 general session, featured speaker Ian Bremmer shares his insights and views to help us understand the broader global issues we need to consider as we formulate policy portfolios for the years ahead.

View now

ESG Investing Becomes Mainstream

Posted by Commonfund Institute on May 4, 2018

Topic: Asset Allocation | Industry Knowledge | Investment Strategy | Responsible Investing

Can a sustainability strategy be tied to better financial outcomes? The subject of ESG, or investing in accord with environmental, social and governance principles, arose in several sessions at Commonfund Forum 2018. One session, in particular, was devoted to the ongoing evolution of responsible investing, with a focus on ESG.

Read Now

Survey Finds Investors Remain Cautiously Optimistic

Posted by Commonfund on Mar 27, 2018

Topic: Asset Allocation | Industry Knowledge

In a Commonfund 2018 investor survey, nonprofit investors believe trade wars and protectionism pose greatest threat to the global economy. Endowments and Foundations remain cautiously optimistic on achieving long-term target returns.

Read now

Evolving Asset Allocation and Policy Portfolios

Posted by Commonfund on Mar 27, 2018

Topic: Asset Allocation | Equities | Industry Knowledge | Investment Strategy

In this Forum 2018 general session, Commonfund experts share research findings and techniques we employ to help investors understand not just the characteristics of their portfolio in isolation but also the broader considerations and pressures that should shape risk, drawdown and recovery expectations over the long haul.

View now

Building Resiliency

Posted by Commonfund on Mar 23, 2018

Topic: Asset Allocation | Equities | Industry Knowledge | Investment Strategy | Market Commentary

In this keynote presentation from Commonfund Forum 2018, CEO Catherine Keating shares insights into the investment philosophy and practices that may enable institutions to build resiliency into their portfolios.

View now

2017 NCSE Key Findings [Infographic]

Posted by Commonfund Institute on Mar 6, 2018

Topic: Asset Allocation | Governance and Policy | Industry Knowledge

For the fiscal year ended June 30, 2017, educational endowments reported a 12.2 percent return as the 10-Year return fell to 4.6 percent. In this infographic, we report the top findings from the 2017 NACUBO-Commonfund Study of Endowments. This annual report studies, on average, over 800 educational institutions that include U.S. educational institutions, private colleges and university endowments, public educational endowments, institution-related foundations (IRFs) and combined public endowment/foundations.

Read now

A Gap In Reality

Posted by Timothy T. Yates, Jr. on Feb 13, 2018

Topic: Asset Allocation | Industry Knowledge | Investment Strategy | Outsourced Investing

With the release of the annual NACUBO-Commonfund Study of Endowments (NCSE) comes the obligatory comparison of 1-year returns. “How did we do relative to the 12.2 percent average return” is a question frequently asked at many committee meetings and while it is certainly important to understand what peers are doing, the most recent 1-year return may be the most overrated number in the 127 page study.

Read now

Despite Strong FY2017, Endowments Report Decline in Ten-Year Return

Posted by Commonfund Institute on Jan 25, 2018

Topic: Asset Allocation | Governance and Policy | Industry Knowledge

Data gathered from 809 U.S. colleges and universities for the 2017 NACUBO-Commonfund Study of Endowments® (NCSE) show that participating institutions’ endowments returned an average of 12.2 percent (net of fees) for the 2017 fiscal year (July 1, 2016 – June 30, 2017) compared with -1.9 percent for the 2016 fiscal year and 2.4 percent for fiscal 2015. Despite this year’s improved return, the mission-critical 10-year average annual return fell to 4.6 percent from last year’s 5.0 percent, as FY2007’s strong 17.2 percent return dropped out of the trailing 10-year average.

Read now