Study co-authored by the Centre for Endowment Asset Management shows John Maynard Keynes made ‘extraordinary’ returns as a collector of Picasso, Matisse and other modern masters, while highlighting the limitations of art price indexes.
The 24 February Consortium at the University of Cambridge featured six papers on asset management that were discussed by senior faculty members and practitioners. The Best Paper Prize was awarded to both Weiming (Elaine) Zhang and Huaizhi Chen.
The Centre for Endowment Asset Management (CEAM) is a research and education centre based within Cambridge Judge Business School. CEAM has an active role globally in furthering high-quality research into long-horizon investing. Combined with its teaching and information exchange, CEAM is establishing a platform to engage with institutions – like charities, foundations, educational endowments, and sovereign funds – who face a long-term investment focus. This work is impacting knowledge development, education and understanding about how best to confront the unique set of investment challenges faced by these institutions and enabling more focused and disciplined investment choices in the future.
This covers 18th century ‘structured finance’ and currency speculation in the Middle Ages, to stock market performance in the 20th and 21st centuries as well as an overview of Economist and investor John Maynard Keynes.