Last Week at a Glance
Stocks gained last week even as bonds sold off, boosted by sentiment around Agentic AI and hopes that…
Recent Publications
Last Quarter at a Glance
Q3 ended on a weak note as rising bond yields weighed on asset class returns in September.
The Wealth That Outlasts the Founders
The question for any family of wealth is not whether conflict and complexity will arrive. They will. The question is whether the structure exists to absorb them and whether the family has built that structure before it needs it.
Should Investors Act on the US Midterm Elections?
No. The November US midterm elections could affect regulatory, fiscal, foreign, and AI policy, but uncertain outcomes and market implications make election-driven trades a poor basis for investment decisions. In our view, investors are better served by maintaining resilient, diversified portfolios than by positioning for an anticipated election outcome.
2025 Hedge Fund Discretionary Expense Summary
This report provides a comparative overview of management fees and discretionary expenses across four hedge fund strategies in Cambridge Associates’ manager universe—long/short equity, credit opportunities, multi-strategy, and global macro—for the years 2022 through 2025.
Last Week at a Glance
Stocks gained last week even as bonds sold off, boosted by sentiment around Agentic AI and hopes that diplomacy would ease energy market friction stemming from the Iran War.
Build and Buy: A More Thoughtful Resourcing Model for Evolving Institutions
The most effective investment offices are not necessarily the ones that do the most internally. They are the ones designed with intention. They establish internal leadership where it adds value, and secure external partnership when it improves outcomes. This note discusses principles of investment resourcing and how to design an investment office that moves beyond the false choice between control and partnership, to achieve both.
Is a Sovereign Bond Market Riot Brewing?
No. Sovereign bond yields across developed markets are likely to stay higher for longer given the macro, monetary, and fiscal backdrop, but a sustained, disorderly rise in yields looks unlikely.
Last Month at a Glance
Global equities advanced in August, gaining 2.3% as resilient activity data and earnings outweighed higher bond yields.
Should Investors Rethink the Role of Emerging Markets Equities in Their Portfolio?
Yes. Investors should reassess the role of emerging markets equities because benchmark concentration has reduced diversification benefits and increased exposure to the same artificial intelligence–driven forces leading developed markets.
Foundation Annual Investment Pool Returns: Calendar Year 2025
Our annual survey-based report summarizes returns, asset allocation, and other investment-related data for 115 foundations for the calendar year ended December 31, 2025.
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: Artificial Intelligence Investing After the First Wave
CA’s house view and advice, written by our Chief Investment Strategist, Celia Dallas
Endowments Quarterly: Second Quarter 2026
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: Second Quarter 2026
Presents quarterly representative long-only and hedge fund manager performance.
Benchmark Commentary
Analysis of the performance shown in our private investment benchmarks