Glossary Absolute Return . An investment strategy which focuses predominantly on long and short common stock positions with moderate, if any, use of leverage. This strategy insulates the investor to some extent during declining markets while enhancing overall portfolio returns over complete market cycles. Asset Allocation . The distribution of endowment assets among various asset classes including but not limited to domestic equity, foreign currency equity, domestic fixed income, foreign currency fixed income, cash and cash equivalents, real estate, venture capital and distressed obligations.
Asset allocation affects both risk and return and is a central concept in investment management.
The leading provider of investment and financial research and consulting services to nonprofit endowed institutions in the country. Cash and Cash Equivalents. A financial institution which holds stocks, bonds and other securities for guaranteed safekeeping. Related services include the collection of income on custodied securities, the settlement of transactions, the investment of cash overnight and the provision of accounting reports. Additional services may include performance evaluation and analysis, on-line reporting, global custody and securities lending.