Have Tail Risks to the US Economy Increased?
Yes. The range of possible outcomes for the US economy has widened, with greater chances of both positive and negative tail events.
Research Publications Archive
Last Week at a Glance
Global equities closed slightly lower as geopolitical developments drove market sentiment.
Under the Microscope: Private vs Public Company Operating Metrics for US Companies
Our 2024 US private equity operating metrics analysis highlights the key levers and value drivers in private equity, and explores a risk and return comparison between private equity and public equity.
Will the Fed Remain Independent?
Yes, we expect economic data to remain the primary driver of Federal Reserve policy decisions.
US Military Operation in Venezuela Strengthens Case for Diversification
The US military operation to capture Venezuelan President Nicolás Maduro highlights the growing assertiveness of the Trump administration and further strengthens the case for investors to embrace diversification.
Last Month at a Glance
In a month dominated by central bank meetings, global equity markets rose for the eighth successive month, returning 0.8%.
College and University Flash Statistics Report: Fiscal Year 2025
This report provides a first look at the results of our 2025 College and University Investment Pool Returns survey, including investment pool returns and asset allocation for 157 colleges and universities.
2026 Outlook: Finding Value Amid the Hype
Our 2026 outlook provides our perspective on the global economic environment and presents 15 key views across asset classes.
2026 Outlook: Portfolio-Wide Views
In 2026, investors should rebalance portfolios to embrace greater diversification, thoughtfully navigate opportunities in artificial intelligence, and prioritize investments across the electricity transmission value chain. With heightened equity risks and a weakening US dollar, a disciplined, multi-asset approach will help strengthen portfolio resilience and capture emerging growth themes.
2026 Outlook: Fixed Income Views
A disciplined, quality-focused approach across fixed income and private credit can help position portfolios for balanced risk-adjusted returns in a challenging environment in 2026.