Last Week at a Glance
Equities declined last week, driven by a selloff in AI-related stocks.
Research Publications Archive
Will the Recovery in European Earnings Continue?
Yes. Europe’s sector mix is better positioned for today’s environment than it was during the low-growth, low-rate, underinvestment regime of the prior decade.
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.
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.