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.
Research Publications Archive
2026 Outlook: Public Equity Views
Within public equities, investors should modestly overweight global ex US equities, developed markets small-cap stocks, and Latin American equities in 2026, as these regions offer attractive valuations, improving growth prospects, and diversification benefits.
2026 Outlook: Private Equity & Venture Capital Views
Thoughtful portfolio construction across private markets will be key to capturing diversification and return opportunities in a morphing environment in 2026.
2026 Outlook: Diversifier Views
In 2026, a disciplined, diversified approach across hedge funds, real assets, and California Carbon Allowances can help investors navigate market uncertainty and capture emerging growth.
Unlocking Innovation with Blockchain and Crypto Venture Capital Funds
Blockchain and crypto-focused venture capital (BCVC) funds offer a compelling opportunity alongside traditional venture capital (VC) strategies. In this piece, we explore the market dynamics shaping cryptoassets, share our rationale for including BCVC in VC portfolios, and outline key considerations for integration into institutional portfolios.
Do the Recent Bankruptcies of First Brands and Tricolor Suggest Trouble Ahead in Private Credit?
No, the recent bankruptcies of First Brands Group and Tricolor do not signal systemic problems in private credit.
A US-China Trade Deal Would Show Desire for Gradual Strategic De-risking, Not Abrupt Decoupling
Global markets rallied on October 26 following news that the United States and China have reached a “preliminary consensus” on several key issues. Although a formal agreement has not yet been announced, both sides are clearly working to de-escalate trade tensions that intensified in early October.
Long Bond Performance Does Not Signify an Impending Debt Crisis
Long-dated government bonds have come under pressure in recent months, but markets are not beginning to price in a fiscal crisis in our view. Drawing on market data and institutional trends, we believe they will continue to behave defensively during deflationary shocks.
Higher Endowment Spending Needed for Some in Challenging Environment
A recent Cambridge Associates survey of 104 endowments and foundations reveals that most institutions are adhering to their endowment spending policies, with 80% following policy in 2025 and 81% expected to do so in 2026.
Comparative Asset Allocation and Total Return: UK Foundations and Endowments
Our biannual report summarizes asset allocation and total investment performance for 24 of Cambridge Associates’ UK foundation and endowment clients.