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
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
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
This outlook provides our perspective on the global economic environment and presents 15 key views across asset classes for 2026. These insights are designed to inform strategic discussions and guide portfolio decision making. Given the diversity of investor objectives and constraints—regarding risk tolerance, investment horizon, liquidity needs, currency exposure, and tax considerations, for example—each view […]
December 2025
Many investors have seen the share of their portfolios invested in equities—both public and private—increase over the past decade. For investors whose equity allocations are at elevated levels, 2026 presents a timely opportunity to reassess policy allocations and embrace greater diversification.
December 2025
Investors should maintain exposure to high-quality sovereigns and avoid duration bets in 2026 by TJ Scavone Yields on most major developed market (DM) sovereign bonds reached a multi-year high in 2023 and have since held just below those highs, trading in a relatively narrow range. We expect this pattern to persist into 2026, supported by […]
December 2025
Investors should overweight global ex US equities in 2026 by Thomas O’Mahony Global ex US equities have outperformed US equities by 4.4 percentage points (ppts) in local currency terms so far in 2025 and by 11.2 ppts in USD terms. We believe that conditions are in place to see that outperformance trend continue in 2026 […]
December 2025
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
If you satisfy any of these criteria, please click confirm to proceed:
*As defined in the Markets in Financial Instruments Directive (Directive 2014/65/EC) as amended or updated (MiFID)
If you satisfy any of these criteria, please click confirm to proceed:
*An entity regulated by its local country regulator which may include banks, collective investment schemes, endowments, foundations, investment managers, insurance companies, pension funds and intermediaries
The information contained herein is not suitable for retail investors.
Please contact us if you have any questions: ContactCA@cambridgeassociates.com
If you clicked decline in error, please click here