U.S. stocks, hedge funds boost top returners for fiscal year

Margaret Chen, global head of the endowment and foundation practice at Cambridge Associates, said in an interview that from a performance outcome perspective, there wasn't much difference between the two recent fiscal years, but the market environment was indeed different. After a dramatic 18-m...

Full description

Saved in:
Bibliographic Details
Published in:Pensions & investments (1990) 2024-11, Vol.52 (17), p.2
Main Author: Kozlowski, Rob
Format: Article
Language:English
Subjects:
Asset allocation
Endowment
Endowments
Fiscal years
Hedge funds
Portfolio management
Private equity
Success
Venture capital
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:Margaret Chen, global head of the endowment and foundation practice at Cambridge Associates, said in an interview that from a performance outcome perspective, there wasn't much difference between the two recent fiscal years, but the market environment was indeed different. After a dramatic 18-month period of rising rates, in July 2023 the Federal Open Market Committee raised the fed funds rate to a range of 5.25% to 5.5%, where it remained until the Fed cut rates by 50 basis points in September and a further 25 points on Nov. 7. Like most, we saw private market investments significantly lagged their public market equivalent benchmarks. [...]he said private asset managers did not then raise the value of their investments in line with public equity markets these past two fiscal years.
ISSN:1050-4974
1944-7671