Mon, Jul 24, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Endowments recover returns in 2013 - NACUBO-Commonfund Study of Endowments

Wednesday, January 29, 2014

Bailey McCann, Opalesque New York:

The annual NACUBO-Commonfund Study of Endowments, shows that FY2013 was a strong recovery year for endowment portfolios, coming off the -0.3% return reported for FY2012. Total returns were 11.7% net of fees - a closely watched number as endowments not only fund school budgets but also reflect the overall results of significant allocations to hedge funds and alternative investments.

This is the fifth year for the study, which acts as a league table of sorts for the nations top schools. The study represents 835 US institutional participants and total endowment market assets of $448.6bn. The average endowment of U.S. institutions was $539.8m, and the median $97.6m.

The key take away for hedge funds is that the rebound this year shows that overall, the endowment model of allocations to hedge funds still works. Report data shows that over ten years, endowments of all size categories produced much higher returns than the 60/40 S&P/Barclays Blend allocation (60% Stocks, 40% Bonds). Since 2003, report data shows that save for a few flat/down years ('08, '09, 12) the 11.7% return of this year reflects a return to more typical performance. Overall, the asset allocation (see below) mix remains mostly the same although there has been some movement away from fixed income and alternatives, which may reflect some defensive positioning as a result of the start of taper.

......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Launches - Crypto boom: 15 new hedge funds want in on 84,000% returns, Crypto madness is striking VCs as Union Square analyst leaves to start new fund[more]

    Crypto boom: 15 new hedge funds want in on 84,000% returns From Forbes.com: With 43 projects raising $1.2 billion in initial coin offerings since May 1, according to Nick Tomaino's The Control, and with stratospheric returns for so many ICOs -- 82,000% for Ethereum, 56,000% for IOTA, 44,

  2. FinTech - The machines are coming... Elon Musk's grim warning, Tezos' $232 million ICO may just be the beginning, A gentle introduction to Initial Coin Offerings (ICOs), Billion dollar tokens, ICOS & crazy market swings WTF is going on!?, How AI is changing the way we invest, How the tech revolution is bringing flip-flops and beanbags to Wall Street, A 'machine-learning' approach to venture capital[more]

    The machines are coming... Elon Musk's grim warning From Tenplay.com.au: Tesla chief Elon Musk has called on US Governors to take 'decisive' action to curtail "the greatest risk we face as a civilization": Artificial Intelligence, or AI. Speaking at a meeting of the National Governor Ass

  3. News Briefs – Sears inks $200 million credit line from CEO Eddie Lampert's hedge fund, shares jump 9%, Rwanda: Global hedge fund to increase investments[more]

    Sears inks $200 million credit line from CEO Eddie Lampert's hedge fund, shares jump 9% Sears Holdings has landed a fresh line of credit, valued at $200 million, from its CEO Eddie Lampert's hedge fund, the retailer said Monday. Sears' stock climbed about 9 percent higher Monda

  4. Despite current limits, robo-advisors will be preferred investment solution for retail, gain importance for affluent and high net worth[more]

    Matthias Knab, Opalesque: Flynt, a Swiss FinTech focusing on proprietary technology platform for private and institutional clients, has published a brief paper on "Investing in the world of robo-advice and passive instruments". As investors will become more reluctant to pay for investment advi

  5. Investing - Hedge fund CQS favors structured credit, Direct lending funds' fading all-weather appeal, Funds hunt for cracks in most-prized US shopping malls[more]

    Hedge fund CQS favors structured credit From BArrons.com: A hedge fund manager that can invest across the investment landscape says in his latest semi annual report this week that he's finding opportunities in structured credit -- particularly the shorter term, floating rate kind. Exampl