Centre for Endowment Asset Management

Brandes Institute Prize

A research paper co-authored at Cambridge Judge Business School on how investors can influence companies on environmental and social issues is named best paper in the annual Brandes Institute Prize.
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The rate of return on real estate: long-run micro-level evidence

Study of four Cambridge and Oxford Colleges co-authored at Cambridge Judge Business School shows that long-term property investment is less profitable than previously thought.
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75 years of investing for future generations

New research carried out by CEAM researchers sheds light on how US university endowments have exploited their long-horizon advantage.
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Art collector Keynes

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.
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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.

2021 European Investment Forum Research Prize

CEAM has awarded the Best Paper Award to Dr Lakshmi Naaraayanan and the Best Presentation Award to Dr Huan Tang at the European Investment Forum on 14 September 2021.

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Investing over the long-term

This area explores traditional investment themes like asset allocation, governance, risk and return, but with a research focus on how these relate to investors with a long investment horizon.

Alternative assets over the long term

This area explores the long-term performance and behaviour of alternative asset classes like real estate and commodities as well as collectable assets like art, wine and coins.

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Financial history

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.

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Responsible investing

Our academic research in this area develops understanding and knowledge of how ESG factors influence investment decision-making, portfolio construction and company performance.