Centre for Endowment Asset Management
The mission of the Centre for Endowment Asset Management is to promote research, teaching and knowledge sharing that extends our understanding of long-horizon investing.
Who we are
The primary activity of the Centre for Endowment Asset Management is research into asset management, with a particular focus on long-term investing. Our research is associated to themes that are relevant to that long-term perspective and that can deepen global understanding of this area of investing.
Additionally, we aim to add value by extending our activity beyond research into policy and practice. We actively facilitate engagement with investment practitioners working across the asset management field. Our focus on teaching and knowledge exchange serves to strengthen the connections between our research community and our practitioner networks.
What we do
We are a research and education centre based within Cambridge Judge Business School at the University of Cambridge. We focus on evidence-based research in areas of asset management relevant to long-horizon investors like sovereign funds, endowments, family offices and charities. Our work focuses on several core research themes including: the long run pattern of returns to different asset classes, responsible investing and ownership, financial market history and how traditional investment themes like asset allocation, risk and return and governance relate to long-horizon investors.
Research
Our core activities are designed to encourage and facilitate academic research, to promote research excellence and to offer workshops and events where research can impact best practice and learning among institutional investors.
Publications
Our work has global influence through publications like academic journals, books and monographs, teaching cases, reports and statements as well as our live events which feature talks and presentations from experts in their field. We also have videos showcasing important research on the power of innovation and disruption.
Practitioner engagement
Our practitioner engagement and outreach activities are designed to facilitate knowledge exchange between academic researchers and investment practitioners. Examples of these activities include our Conference on Investing for the Long-term and our European Investment Forum.
News and insights from the Centre for Endowment Asset Management
Read the latest news and insights from Centre for Endowment Asset Management. To stay up to date with our events, latest projects, report launches and news by signing up to our mailing list.
Finance and accounting
History shows inflation is stubborn when it hits 8%
Inflation hit decades-long highs in 2022, and easing is historically very slow from such levels, says new report co-authored by Elroy Dimson of Cambridge Judge Business School.
Top awards granted at the European Investment Forum organised by the Centre for Endowment Asset Management at Cambridge Judge Business School and FTSE Russell, a London Stock Exchange Group (LSEG) company. A paper on environmental activist investing and a presentation on the value of privacy for individuals won top awards at the European Investment Forum in Cambridge, which was organised by the Centre for Endowment Asset Management (CEAM) at Cambridge Judge Business School and FTSE Russell, an LSEG business. The 12-14 September Forum showcased innovative ideas across the natural and social sciences, and explored such ideas as quantum computing, digital currency opportunities and challenges, and sustainable investing. An integral part of the Forum is a research competition for early career academics, with 97 entrants competing for an opportunity to present at the event. Two winners were selected from the finalists and awarded for best paper prize and best presentation. The Best Paper award was won by Lakshmi Naaraayanan, Assistant Professor of Finance at London Business School, for a study entitled "The Real Effects of Environmental Activist Investing". "Using plant-level data, we find that targeted firms reduce their toxic releases, greenhouse gas emissions, and cancer-causing pollution," says the study. "Improvements in air…
Insight
American exceptionalism
The outperformance of US equity markets in the last century has continued in the 21st century, says a new study co-authored by Elroy Dimson of Cambridge Judge Business School.