Monthly Archives: August 2017

EWM Weekly Capital Market Highlights for Week Ended 8/25/2017

WEEKLY CAPITAL MARKET HIGHLIGHTS: Central bankers from around the world assembled for their annual summit in Jackson Hole, Wyoming. Investors watched closely for signs on the direction of future monetary policy as key speakers Federal Reserve Chair, Janet Yellen, and European Central Bank President, Mario Draghi, took the podium. Both individuals were relatively cautious in their comments, but Yellen did allude to financial stability concerns not affecting the pace of future rate hikes. ...

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Endowment Index® Posts Gain For Week Ended 8/25/17

The Endowment Index® calculated by Nasdaq OMX® (Symbol: ENDOW) closed today at 1,190.58, rising from last Friday’s close of 1,179.17. The Endowment Index® represents the investable opportunity for managers of portfolios utilizing the Endowment Investment Philosophy® or otherwise incorporate alternative investments within a comprehensive asset allocation strategy. The Endowment Index® measures performance for a multi-asset, globally-diversified, three-dimensional portfolio that include...

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2017 Unicorn Report

The unicorn frenzy has slackened in the US when compared to 2014 and 2015, but still more billion-dollar companies are being created than are turning that valuation into cash for their investors. While several of these companies have completed successful exits this year, more value is locked in unicorn companies than ever before. The 2017 Unicorn Report slices through data surrounding these billion-dollar companies to analyze trends ranging from step-ups to down rounds to exit prospects. Incl...

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Tech ‘Unicorn’ IPOs are booming

Four so-called "unicorns," or private companies valued at $1 billion or higher, completed initial public offerings in the second quarter. That was double what was seen in the first quarter, and equal to the number of unicorn IPOs for the entire year in both 2015 and 2016, according to data compiled by Goldman Sachs. http://www.businessinsider.com/tech-unicorn-ipos-are-booming-2017-8 ...

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EWM Weekly Capital Market Highlights for 8/18/2017

WEEKLY CAPITAL MARKET HIGHLIGHTS: US equities continue to slide. Last week’s worries over a potential armed conflict with North Korea were replaced this week by concern over President Trump’s ability to move forward on economic and tax policy in the aftermath of the violence in Charlottesville, VA over the weekend, as well as fresh terrorist attacks in Spain. The Dow Jones Industrial Average is likely to have its worst two-week loss since September of last year. Housing data remains ...

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University Endowments Reporting Significantly Improved Investment Returns Over Past Fiscal Year

Early reporting data from schools providing endowment performance for the fiscal year ended June 30,2017 suggest that university endowments boosted their investment returns significantly over the last fiscal year from 2016. The median gain for all colleges reporting is 11.3 percent, while the median gain for larger schools (over $500 million in assets) was 13.3 percent for the 12-month period ended June 30th as reported by the Wilshire Trust Comparison Service. Comparatively, the Endowment Index...

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Endowment Index® Closes Higher for Week Ended 8/18/2017

The Endowment Index® calculated by Nasdaq OMX® (Symbol: ENDOW) closed today at 1,179.17, rising from last Friday’s close of 1,177.68. The Endowment Index® represents the investable opportunity for managers of portfolios utilizing the Endowment Investment Philosophy® or otherwise incorporate alternative investments within a comprehensive asset allocation strategy. The Endowment Index® measures performance for a multi-asset, globally-diversified, three-dimensional portfolio that include...

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Endowment Wealth Management Weekly Capital Markets Update for Week Ended 8/11/2017

WEEKLY CAPITAL MARKET HIGHLIGHTS: US equity markets seesawed this week, affected by the sparking tensions between US and North Korea. European equities faced their worst week since Trump’s election. Emerging markets were the most affected with South Korean equities weighing in the index. The yield on the 10-Year Treasury Note edged lower at around 2.19% in a risk-off market. The dollar weakened slightly as did the euro which changed course from the sustained strength registered last...

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Endowment Index® Closes Lower For Week Ended 8/11/2017

The Endowment Index® calculated by Nasdaq OMX® (Symbol: ENDOW) closed today at 1,177.68, falling from last Friday’s close of 1,195.74. The Endowment Index® represents the investable opportunity for managers of portfolios utilizing the Endowment Investment Philosophy® or otherwise incorporate alternative investments within a comprehensive asset allocation strategy. The Endowment Index® measures performance for a multi-asset, globally-diversified, three-dimensional portfolio that includ...

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The United States of Unicorns

Collectively, US unicorns are worth approximately $360B. Combined, these companies have raised just over $73B. To see the full list of US unicorns and associated data, check out the CB Insights blog. The United States is home to 105 unicorn companies valued at $1B+. As of 7/25/2017, six private US companies are worth over $10B. The two most valuable unicorns in the US are Uber ($68B) and Airbnb ($29.3B). Palantir Technologies and WeWork, both valued at $20B, are tied for third. Of the top ...

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