No. The medium-term case for holding quality remains sound, backed by healthy fundamentals, reasonable relative valuations, and quality’s diversifying properties, even if the current cyclical environment is not yet fully supportive.
No. Gold has fallen roughly 25% from its recent peak to around $4,000 per troy ounce, but we still see further downside.
The Foundation Annual Flash Statistics Report provides a first look at the results of our 2025 Foundation Annual Investment Pool Returns survey. Look for our full annual analysis in the Foundation Annual Investment Pool Returns report later this summer.
This report presents an analysis of manager responses submitted via Cambridge Associates’ operational due diligence questionnaire.
Yes. We continue to expect the US dollar to weaken relative to other major currencies over the next several years.
Global equities were flat in June but logged exceptional returns in 2Q—the best performance in more than six years.
We live in an age of extraordinary technological abundance, but the global economy is increasingly running short of some of the most fundamental components to function and thrive: reliable power, stable supply chains, skilled workers, clean water, and a predictable environment. However, there are opportunities for investors to embrace within these scarcities, and through a better understanding of existing exposures and intentional investing in solutions across asset classes, those that act now will be better positioned to add long-term resilience to portfolios.
The electricity grid is one of the most undercapitalized parts of the energy transition, and the investment required to close the gap is creating a multi-year capex cycle across the value chain, from transformers and high-voltage cables to smart grid software.
The circular economy is becoming an increasingly mission-critical business strategy in a more volatile world.
As AI redraws labor demand, it is creating an undercapitalized opportunity in the human-capital infrastructure needed to re- and up-skill workers, support skilled trades, and expand worker retention and ownership models.