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, with a focus on long-horizon investors . Examples of work includes: how traditional investment themes like asset allocation, risk and return and governance relate to long-horizon investors, the long run pattern of returns to different asset classes, responsible investing and ownership, financial market history and foreign exchange markets.
Our mission is to support high quality academic research that explores these area of asset management and that facilitates decision making amongst investment practitioners.
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.
Professor Elroy Dimson has for decades boosted our historical understanding of financial markets. He reflects on how he became hooked on financial data through an early sojourn into the corporate world, how markets history may judge artificial intelligence, and how his family’s wine business resonated in his research into collectibles.
The Lifetime Achievement Award from PAM Insights cites his work in research, teaching and for producing with academic colleagues an essential asset-returns database.
Stock market returns have been lower in the first quarter of the 21st century than the 20th century, but still had annualised real returns of 3.5%, says report co-authored by Professor Elroy Dimson.