COVID-19 Resources

In the first months of 2020, COVID-19 spread across the globe, ultimately earning classification as a global pandemic by the World Health Organization. The virus has had wide-ranging financial ramifications, among them the emergence of a bear market. Amid this turbulent global environment, we remain committed to our clients and colleagues, and will continue to update this page with our latest insights on the effect of the coronavirus on the investment landscape.

Research Note May 2020
Real Asset Dynamics: PE Energy

It has been difficult to find a more out-of-favor sector in institutional investors’ portfolios than energy over the past five years, and with the recent spread of COVID-19 reducing demand for oil & gas, that reality appears set to continue – creating both challenges and opportunities. Amid the sector’s ongoing evolution, the energy PE investment strategy that dominated the market has become outdated, and investors who wish to capitalize on potential opportunities in this market must re-think their approach.
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CA Institute May 2020
Foundation Spending Strategies Vary for 2020

In April 2020, Cambridge Associates conducted a survey of our foundation clients to gauge sentiment about spending for the current year and to understand potential sources of flexibility and liquidity in light of the COVID-19 pandemic. This year has brought tremendous disruption and uncertainty, but foundations are approaching these challenges with responsive philanthropy and a long-term view, so they can support important causes in 2020 and beyond.
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April 29, 2020 Pre-Recorded Webinar
Private Investments: Bridging the Chasm

The impact of COVID-19 on our economy has raised questions for investors about the current state of the private investment landscape. Listen in to our webinar as Dan Aylott, Managing Director in the European Pensions Practice at Cambridge Associates, moderates a discussion with colleagues, Andrea Auerbach, Global Head of Private Investments and Iñigo Garcia Gordobil, Co-Head of US Venture Capital and Growth Equity Research addressing private investments in this environment, including possible implications for private investment portfolios as we continue to experience this crisis firsthand.

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Cambridge Associates hosted event

TheWealthNet | NEWS April 2020
The Investment Issues Faced by Very Wealthy Families Right Now

In this article, Chris Ivey, Head of the European Private Client Practice at Cambridge Associates, discusses what his clients are pondering amidst erratic markets. Ivey’s commentary covers the importance of having strong governance in place and an agreed strategic asset allocation. He also shares insights on assessing liquidity needs and upgrading investment portfolios by gaining…
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Research Note April 2020
Benefits of Global Diversification

Investors are now grappling with the impact of the COVID-19 pandemic, which has sent global equities into bear market territory as the threat of a severe recession weighs on the global economy. These are challenging, uncertain times for equity markets. As investors work to ensure their portfolios will be robust through this downturn and are positioned for the eventual rebound, we offer a review of the critical benefits of global equity diversification and examine considerations related to home bias, rebalancing strategies, and currency impacts.
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Research Note April 2020
Life After Zero: Reassessing the Role of Sovereign Bonds with Negative Nominal Yields

Nominal high-quality sovereign bond yields throughout developed markets have plummeted toward zero, increasing the likelihood that most developed markets may soon need to contend with negative yields, and leading investors to question whether high-quality sovereign bonds are still the best form of insurance. In light of these developments, we examine the historical safe-haven characteristics of high-quality sovereign bonds and assesses whether they remain a viable safe-haven asset.
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