Beginning this quarter, we have updated our approach for the calculation and display of select data points contained in this report: Sie bieten die Voraussetzung für die Vernetzung von Patientendaten zwischen Ärzten, Krankenhäusern und weiteren an der Behandlung Beteiligten — und somit auch für elektronische Patientenakten. Gallen hat sich zwar im Ranking stark verbessert. Bereits nach zwei Monaten stand fest, wie hoch der geleistete Beitrag zum Schutz der Umwelt ist und wie viel die eingesparten Betriebskosten beitragen.
Compared to public stocks and hedge funds, however, the illiquid nature of private investments can actually help limit this survivorship effect. Whereas an underperforming stock manager may simply close up shop or drop out of databases as clients liquidate their positions and fire the manager, private investment partnerships owning illiquid assets continue to exist and require reporting to the limited partners, even if the original manager ceases to exist.
Over the last six years the number of fund managers that stopped reporting to Cambridge Associates represented an average of 0. The performance of the small number of funds that have stopped reporting has been spread amongst all quartiles and has not been concentrated consistently in the poorer performing quartiles.
Beginning this quarter, we have updated our approach for the calculation and display of select data points contained in this report: We have moved to a commitment-based methodology for our equal-weighted return calculation. This is a better approach than the previously used, contribution-based methodology, as it does not vary over time and is more reflective of investor decision-making.
Since contributions approach total commitments over time, this change will not have a meaningful impact on older vintage year benchmarks, but you may see some minor shifts in younger vintage year benchmarks.
The minimum and maximum values have been replaces with 5th and 95th percentile breakpoints, as the percentile values are less subject to outliers. Institutional Quality Data Cambridge Associates strives to include only institutional quality funds in our benchmarks. Sources of Benchmark Data Our benchmark database utilizes the quarterly unaudited and annual audited fund financial statements produced by the fund managers GPs for their Limited Partners LPs.
We look forward to serving Eikon customers and expanding the distribution of our private benchmarks into new market segments via Thomson Reuters extensive global networks. Cambridge Associates' aggregate private fund performance data and statistics will be available to Thomson Reuters Eikon subscribers coinciding with the release of benchmarks beginning in August In addition to the agreement with Thomson Reuters, Cambridge Associates will continue to provide its private benchmark information and systems directly to its own clients.
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Cambridge Associates Founded in , Cambridge Associates is a provider of independent investment advice and research to institutional investors and private clients worldwide. Consumer, perennially the largest sector, gained 9. Returns among the five largest regions in the index ranged from a high of French companies ran a close second, earning As in the ex US global index, all of the meaningfully-sized vintages in the emerging markets index had positive returns for the quarter.
Of the seven vintage years in that group, funds raised in had the highest return: The largest vintage year, , represented almost a quarter of the index's value and gained 1. Just behind were funds raised in , which rose 1. All six significantly-sized sectors in the emerging markets index had positive returns in Q2. Manufacturing led the way with a 9. Financial services rose just 1. China and India have historically dominated the emerging markets index, with China by far the more significant of the two in terms of weight in the index.
While this remained true in Q2, South Korea joined China and India as a significant presence in the index, representing 5. South Korean companies gained 8. Companies in China represented India was the only country of the group to post a negative return, falling 1.