March’s publication summarizes three articles on the current political landscape in Europe. The first explores structural challenges to the euro area’s stability; the second highlights potential outcomes related to the United Kingdom’s exit negotiations with the EU; and the third reviews five shifts beyond politics that are impacting European markets.
Our biannual report summarizes asset allocation and total investment performance for 29 of Cambridge Associates’ UK foundation and endowment clients.
We expect further weakness in the British pound as uncertainty over the economic impact of “Brexit” drives the currency toward GBP/USD 1.15, and an even larger decline cannot be ruled out.
Select hedge funds have provided attractive long-term returns with reduced equity beta and can be integral to pension investment strategies.
We remain cautious on UK property, but bold investors may find opportunities in the post-‘Brexit’ environment.
Our biannual report summarizes asset allocation and total investment performance for 27 of Cambridge Associates’ UK foundation and endowment clients.
Though valuations for Eurozone equities remain attractive, waning earnings growth and the difficult macro picture keep us neutral for now, but continuing to watch closely as US valuations push ever higher.
The vacuum being created by banks withdrawing from previous activities is opening up opportunities for strategies like non-performing loan funds focused on the region.
No, but we do expect UK commercial property prices to re-rate to a lower level as investors grapple with the consequences of the Brexit vote.
History implies there is more downside for the pound; we expect the currency to remain volatile and range bound as the long road to Brexit is just starting.