Equities

August 13, 2026

Review of Market Performance: Fiscal Year 2026

Asia/Pacific, Credit/Fixed Income, Currency, Digital Assets, Equities, Europe, Hedge Funds, Private Equity/Venture Capital, Real Assets, US | Download

The commodity supply shock mildly slowed global growth, though the effects varied by region. Even so, global equities posted another strong fiscal year across a broad set of markets. The US dollar appreciated modestly, with the United States remaining relatively insulated from developments in the Middle East. Bond returns lagged as inflation pressures resurfaced, while real assets performed strongly as the supply shock intensified and demand tied to AI buildout continued to strengthen.

August 11, 2026

Has Quality Lost Its Edge?

Equities

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.

August 10, 2026

Last Week at a Glance

Credit/Fixed Income, Currency, Equities, Real Assets | Download

Strong earnings results pushed equities higher, with AI-related names remaining volatile amid focus on lofty valuations, heightened expectations, and capex concerns.

August 3, 2026

Last Month at a Glance

Credit/Fixed Income, Currency, Equities, Real Assets | Download

Global markets were volatile in July as fresh tensions in the Iran War lifted oil prices, raised inflation concerns, and pushed bond yields higher, while equity leadership rotated away from semiconductor-heavy markets.

July 6, 2026

Last Quarter at a Glance

Credit/Fixed Income, Currency, Equities, Real Assets | Download

Global equities were flat in June but logged exceptional returns in 2Q—the best performance in more than six years.

June 5, 2026

US Manager Universe Statistics: First Quarter 2026

Credit/Fixed Income, Currency, Equities, Hedge Funds, Real Assets, US | US Manager Universe Statistics Series | Download

This publication presents manager performance for 37 asset classes and substrategies, showing the median, mean, and key percentiles of return. Relevant indexes for each asset class are also included to provide market context.

May 28, 2026

Do Mega-IPOs From Companies Like SpaceX, OpenAI, and Anthropic Mark a Changing Relationship Between Public and Private Markets?

Equities, Private Equity/Venture Capital

Yes. The expected mega-IPOs from SpaceX, OpenAI, and Anthropic will mark an important shift from private capital dominance toward broader public ownership, with implications for index composition, valuation, liquidity, and investor access to frontier technologies.

May 12, 2026

Has Artificial Intelligence Made Market Concentration Less Risky?

Equities, Investment Planning

No. Artificial intelligence has changed the shape of market concentration more than its substance.

April 29, 2026

VantagePoint: The Rearview Mirror Problem

Credit/Fixed Income, Equities, Real Assets, US | VantagePoint Series | Download

The conditions that rewarded concentrated exposure to US growth and technology stocks for much of the past decade are becoming less dependable. With valuations stretched and macro and geopolitical risks less benign, investors may be better served by reducing crowded exposures and rebuilding diversification across a broader set of opportunities.

April 23, 2026

Does the Iran War Change Our View That Equity Market Broadening Will Continue?

Equities, Investment Planning

No. The Iran War does not alter our conviction that the broad equity rally that began in 2025 will continue.

Equities

Review of Market Performance: Fiscal Year 2026

Has Quality Lost Its Edge?

Last Week at a Glance

Last Month at a Glance

Last Quarter at a Glance

US Manager Universe Statistics: First Quarter 2026

Do Mega-IPOs From Companies Like SpaceX, OpenAI, and Anthropic Mark a Changing Relationship Between Public and Private Markets?

Has Artificial Intelligence Made Market Concentration Less Risky?

VantagePoint: The Rearview Mirror Problem

Does the Iran War Change Our View That Equity Market Broadening Will Continue?

Topics

Regions

Series