Insights

Will the Trump Administration’s Affordability Policies Jump-Start the US Residential Real Estate Sector?

No. The proposed policies are unlikely to swiftly resolve the challenges facing US residential real estate. While recent proposals may offer marginal support, they are not significant enough to improve deteriorating housing affordability. Given that most policy measures do not meaningfully address the core issues—limited supply and elevated mortgage rates—we do not expect a significant […]

February 2026

Japanese Election Result Should Boost the Economy and Ultimately the Japanese Yen

Sunday’s decisive electoral victory for the Liberal Democratic Party (LDP) in Japan’s Lower House elections led to a more than 2% rally in Japanese equities today, driven by expectations of fiscal stimulus. Meanwhile, Japanese government bonds (JGBs) and the Japanese yen (JPY) remained largely unchanged, as Prime Minister Sanae Takaichi reaffirmed a commitment to support […]

February 2026

Advice for Next Generation Investors

At our NextGen Leaders Connect event in 2025, rising-generation family members gathered for discussions about wealth management, entrepreneurship, leadership, and legacy. We were joined by an incredible group of guest speakers who shared insights from their careers, and talked openly about their experiences as wealth creators and inheritors. Download the full report for advice from […]

February 2026

VantagePoint: Asian Equities Revisited

Two years ago, we explored the shifting landscape of Asian markets amid geopolitical tensions and evolving global supply chains. Since then, we have continued to revisit our original themes and test our assumptions with input from colleagues and asset managers based in the region. As we reflect on how our outlook has evolved over the […]

January 2026

Sustainable Investing in Focus: The Road Ahead

In the first episode of Sustainable Investing in Focus, Liqian Ma, Head of Sustainable and Impact Investing Research, and Annachiara Marcandalli, Global Head of SII Solutions, provide an in-depth discussion of the future of sustainable investing. Their conversation covers the evolving regulatory landscape, the ongoing challenges and opportunities presented by climate change, and the contrasting […]

January 2026

Have Tail Risks to the US Economy Increased?

Yes. The range of possible outcomes for the US economy has widened, with greater chances of both positive and negative tail events. US real GDP has grown by approximately 2.5% per annum over the last ten years, and our expectation is that US growth this year will be moderately below that trend, which is broadly […]

January 2026

US Military Operation in Venezuela Strengthens Case for Diversification

The US military operation to capture Venezuelan President Nicolás Maduro on January 3 underscores the Trump administration’s increasingly interventionist foreign policy and pursuit of US interests abroad. Venezuela’s strategic importance is clear: it holds the world’s largest proven oil reserves, sits near key shipping routes, and remains central to US concerns about illicit drug exports. […]

January 2026

US PE/VC Benchmark Commentary: First Half 2025

In the first half of 2025, US private equity (PE) continued its run of low single-digit quarterly returns, while US venture capital (VC) extended its recovery from a tough stretch of flat performance—the Cambridge Associates LLC US Private Equity Index® earned 3.9% and the Cambridge Associates LLC US Venture Capital Index® earned 6.4%. Within PE, […]

January 2026