Cambridge Associates' U.S. Venture Capital index sank 18% for the...

Cambridge Associates’ U.S. Venture Capital index sank 18% for the quarter ended Dec. 31, well below the 11.4% gain reported for the previous quarter, according to data from the proprietary benchmark database. The Cambridge U.S. Private Equity index declined 7% in the fourth quarter, down from a 2% gain for the third quarter. During the fourth quarter, the Nasdaq composite declined 39.3% and the S&P 500 index fell 7.8%