Investors should revisit private portfolio exposures amid a morphing market in 2026 by Andrea Auerbach While the last year has been one of recovery for the private markets, the aftershocks of the 2021 era continue to reverberate, with both the distribution drought and concomitant fundraising slowdown expected to extend their four-year runs into 2026. We […]
December 2025
Investors should lean into hedge funds in 2026 by Sean Duffin Hedge funds remain a vital part of diversified portfolios, and building resilience requires a thoughtful mix of strategies. In today’s environment—marked by elevated dispersion, low correlations, and ongoing policy uncertainty—equity long/short (ELS) managers are especially well positioned. Advances in AI and persistent tariff-related disruptions […]
December 2025
Blockchain and crypto-focused venture capital (BCVC) funds offer a compelling opportunity alongside traditional venture capital (VC) strategies. While some investors question the merits of blockchain technology and may overlook these funds, this could mean missing out on exposure to managers and innovations with the potential to transform industries and deliver outperformance. However, investors should expect […]
November 2025
No, the recent bankruptcies of First Brands Group and Tricolor do not signal systemic problems in private credit. Both cases are idiosyncratic, driven by fraud and unique business practices rather than broad market weakness. Importantly, the impact was felt across both private and traditional credit markets, not just private credit. Fundamentals in private credit remain […]
November 2025
Artificial intelligence (AI) is not just transforming business models and economic growth—it is contributing to a step change in global electricity demand, with far-reaching effects on energy markets, utility infrastructure, and investment portfolios. This shift is creating both acute challenges and compelling opportunities. Grid reliability, infrastructure bottlenecks, and decarbonization pressures are intensifying, while the scale […]
November 2025
Relative to expectations, the real estate market environment in 2025 has been largely disappointing, as transaction volume remains muted and the valuation recovery has been slow due to elevated interest rates and overall market uncertainty. Unpredictable US trade policies, ongoing geopolitical uncertainty, and concerns over substantial deficit spending have dampened both business and consumer confidence, […]
October 2025
Global markets rallied on October 26 following news that the United States and China have reached a “preliminary consensus” on several key issues. This development sets the stage for Presidents Trump and Xi to meet on October 30 in Korea, on the sidelines of the APEC leaders’ summit. Although a formal agreement has not yet […]
October 2025
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. However, a notable minority—15% in 2025 and 14% anticipating in 2026—are spending beyond policy, primarily due to federal funding cuts […]
October 2025