Research

CA Answers: Is Private Equity Replacing Public Equity?

Answers to our clients’ questions about market action and the market environment in a few paragraphs every two weeks. It sure looks like it. The increasingly unforgiving nature of public equity markets, coupled with the continued evolution and growth of private investment markets, is making it easier for more companies to stay private, with some […]

CA Answers: Should Investors Position Themselves for US Tax Reform?

Answers to our clients’ questions about market action and the market environment in a few paragraphs every two weeks. We would not seek to position portfolios specifically for tax reform as markets have already priced in some improvement in earnings from tax cuts, and the winners and losers from the proposed tax changes will not […]

VantagePoint: Fourth Quarter 2017

This quarter’s edition covers key risks to continued economic expansion, including monetary policy and inflation pressures. Also discussed are whether investors are being compensated for taking risk and different strategies for geopolitical risks.

Why Diversification Wins

Lessons from Fiscal Year 2017 Results Diversified investors are noticing quite a difference in 2017 fiscal year performance—and it’s a welcome change. In the midst of an extended US equity market, and with returns that many diversified investors have found hard to swallow over the last few years, the turnaround in annual performance for what […]

CA Answers: Do Recent Events Change the Outlook for Insurance-Linked Security Strategies?

Answers to our clients’ questions about market action and the market environment in a few paragraphs every two weeks. The strong Atlantic hurricane season and Mexican earthquakes have resulted in a tragic loss of life and property. Insurance-linked securities (ILS), meanwhile, have suffered a less dramatic impact. Estimated insurance losses for 2017 from earthquakes, hurricanes, […]

Latin American Private Equity Limited Partners Opinion Survey

Cambridge Associates partnered with the Latin American Private Equity & Venture Capital Association (LAVCA) to conduct an annual survey of global institutional investors about their views on Latin American markets. The survey report covers both domestic and international investors’ views of private equity opportunities and challenges in Latin America, based on responses from 103 limited partners.

Private Credit Strategies: An Introduction

Private credit offers distinct advantages and appeal in a low return environment, but investors should be aware that behind the name is a diverse array of strategies, some more familiar to institutional investors than others, each with idiosyncratic risks. In this report, we describe the broad array of private credit strategies and position them along the risk/return spectrum, review the investment process, discuss expectations for the performance of these strategies in various parts of the economic cycle, and highlight some key risks for investors to consider.

Private Energy: Deserving a Place

The potential for strong performance and use as a diversifier give private energy investments merit as part of portfolios.

Navigating the “Alphabet Soup” of Mission-Related Investing

Mission-related investing. Socially responsible investing. Impact investing. Sustainability investing. Environmental, Social, and Governance. Also known as: MRI, SRI, II, SI, ESG. The lexicon of mission-related investing can sometimes feel like “alphabet soup.” There is no universal framework for the terminology and the strategies that we include under the umbrella of mission-related investing are expansive—and often […]