Last Week at a Glance
Global equities fell for a fourth consecutive week amid rising expectations for a more extended Iran War, higher…
Recent Publications
Germany’s Fiscal Boost Remains a Tailwind Despite Near-Term Risks
German equities entered 2025 with strong momentum, supported in part by a sharp shift in Germany’s fiscal outlook. After years of underinvestment, the government announced materially higher spending on infrastructure and defense. However, that momentum faded through 2025 into 2026, and German equities stalled.
ODD in Focus: Artificial Intelligence Usage Governance and Compliance
AI’s growing role in investment management has made strong AI governance, policies, and security controls a key focus of operational due diligence in assessing whether managers adequately protect proprietary and confidential information.
Last Week at a Glance
Global equities fell for a fourth consecutive week amid rising expectations for a more extended Iran War, higher commodity prices, and renewed near-term inflation concerns.
Endowment Radar Study 2025: A Widening Divide
The 2025 Endowment Radar Study reveals a widening divide: well-endowed institutions have more capacity to deliver their mission, while those with smaller endowments face growing financial vulnerability.
Does the Iran War Change Our View on the US Dollar?
No, we continue to believe the US dollar faces meaningful downside risks over the next few years and recommend that investors remain underweight the dollar in portfolios.
The Iran War: Impact on Energy, Inflation, and Markets
The war in Iran has triggered a historic disruption in the Strait of Hormuz, driving oil & gas prices higher and exposing vulnerable energy-importing regions. This shock is fueling concerns over higher inflation and rising bond yields, creating a volatile environment where commodities lead while global equities and traditional bond diversifiers underperform.
Will the Iran Conflict Trigger a Pandemic-Style Inflation Spike?
No, we do not think this is the likely outcome. While the path forward is highly uncertain, several key factors suggest that a repeat of pandemic-era inflation is unlikely.
Should Credit Investors Be Concerned About Rising AI-Related Debt Issuance?
Yes. Credit investors should be concerned about rising artificial intelligence (AI)-related debt issuance for several reasons.
Last Month at a Glance
Global markets reflected a positive risk environment in February, supported by positive economic data and ongoing sector rotations.
Has Private Equity Hit Peak Software?
No, we expect software investing to continue to loom large in private equity as it expands to incorporate the opportunities presented by artificial intelligence.
Monthly Publications
Tactical CA House Views
Highlights our latest portfolio advice and reviews notable data for over 50 asset classes/sub-strategies, with key charts and views from our asset class specialists. Read a short introduction →
Market Matters: September 30, 2025
Monthly review of market action with the key charts for the month and a snapshot of index performance in major currencies
Quarterly Publications
VantagePoint: Asian Equities Revisited
CA’s house view and advice, written by our Chief Investment Strategist, Celia Dallas
Endowments Quarterly: Fourth Quarter 2025
Summarizes asset allocation and total investment performance for over 400 of Cambridge Associates’ endowment and foundation clients
Hedge Fund Update: Fourth Quarter 2022
Insights from the leaders of our hedge fund research on what drove performance in the quarter
US Manager Universe Statistics: Fourth Quarter 2025
Presents quarterly representative long-only and hedge fund manager performance.
Benchmark Commentary
Analysis of the performance shown in our private investment benchmarks