CA Answers

No. While inflation could continue to run hotter than central banks expect, the US employment situation is improving, and economic growth is unlikely to stagnate.
Read More »

Yes. In recent weeks, several Chinese property developers have defaulted, and spreads on Chinese high-yield bonds have widened roughly 600 basis points (bps), taking their year-to-date loss to 18%.
Read More »

Global Head of Private Investments Andrea Auerbach recently joined the firm’s executive leadership team, recognizing the important role private investments play in long-term outperformance for our clients. Andrea has been with CA for 20 years and is a 30-year veteran of the private investment market. As part of the executive leadership team and head of the dedicated business unit for discretionary private investments, Andrea is responsible for ensuring that Cambridge Associates continues to source, diligence, and underwrite best-in-class private investment opportunities around the globe and for overseeing the management of discretionary private investment mandates.
Read More »

Melinda joined Cambridge Associates’ executive leadership team in late September as the firm’s first Global Head of Diversity, Equity, and Inclusion. In this newly created executive position, Melinda will be a close partner in ensuring DEI is integrated in all firm-wide efforts. She will also be responsible for monitoring and measuring our DEI outcomes to ensure we are driving a shared vision through action and creating a long-term DEI strategy that is aligned with our business goals.
Read More »

Fears that a default by China Evergrande Group could trigger a financial crisis has led to some weakness in global equities in recent days, with the MSCI All Country World Index falling 3.5% from its peak. While Evergrande is likely to default and require a major restructuring, we view fears of a broader financial crisis as overblown.
Read More »

Yes. Secondaries, the “yang” to the “yin” of primaries and an investment strategy nearly as old, are growing, particularly GP-led secondaries.
Read More »

Yes, we believe value stocks can resume their leadership relative to the broad market over the next six to 12 months, provided we are correct in our assessment that the economic impact of COVID-19 Delta variant will be limited in major developed markets and China.
Read More »

The results of the strategy review were more about clarifying and making explicit how European Central Bank (ECB) policy is currently run, rather than signalling a radical departure for monetary policy in the single currency bloc.
Read More »

No. While the ongoing regulatory crackdown on technology companies in China is unsettling markets, it is not specifically targeting foreign investors.
Read More »

No, not yet, as just over 10% of last year’s performance was realized.
Read More »