Though insurance-linked investment is not for everyone, 2017 is giving investors valuable additional insight on which strategies and managers are equipped to deliver the diversification and yield benefits this asset class provides.
Slowing buyback activity is a sure sign it’s getting late in the current market cycle, but we expect buybacks to continue fueling the market for now.
Cambridge Associates partnered with the Latin American Private Equity & Venture Capital Association (LAVCA) to conduct an annual survey of global institutional investors about their views on Latin American markets. The survey report covers both domestic and international investors’ views of private equity opportunities and challenges in Latin America, based on responses from 103 limited partners.
Three years ago, we concluded that benchmark ten-year Treasury yields would top out in a 3.5%–4.0% range in the next monetary tightening cycle. Now that the next rate hike cycle is well underway, we revisit our analysis, finding that our original assessment remains the most probable conclusion. In fact, the low end of that ceiling appears the more likely outcome today, with one important caveat: the potential for an inflationary dynamic that surprises.
Our biannual report summarizes asset allocation and total investment performance for 31 of Cambridge Associates’ UK foundation and endowment clients.
Our biannual report summarizes asset allocation for 100 of Cambridge Associates’ US-based private clients.
Yes. Although investors do need to be mindful of the long-term transition occurring in energy markets, we don’t believe that mindfulness should preclude new investments in top-quality traditional private energy managers.
The potential for strong performance and use as a diversifier give private energy investments merit as part of portfolios.
Commercial real estate lending funds represent an opportunity for investors worried about real estate valuations to move up the capital stack yet still earn an attractive return.
Private credit offers distinct advantages and appeal in a low return environment, but investors should be aware that behind the name is a diverse array of strategies, some more familiar to institutional investors than others, each with idiosyncratic risks. In this report, we describe the broad array of private credit strategies and position them along the risk/return spectrum, review the investment process, discuss expectations for the performance of these strategies in various parts of the economic cycle, and highlight some key risks for investors to consider.