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In the fifth episode of Sustainable Investing in Focus, Josh Featherby, Managing Director, and Anne Kuleshova, Senior Investment Director, discuss how infrastructure and real assets can play multiple roles in portfolios, from stable income generation to diversification, growth, and impact.Their discussion spans both the need to upgrade existing infrastructure including roads, rail and airports and

We're excited to bring you another episode of Cambridge Conversations, a new 30-minute podcast which brings you inside the world of institutional investing, private family wealth, and portfolio management. The Rearview Mirror Problem: This episode explores how investors can reassess concentration risk, AI enthusiasm, credit signals, and diversification as market conditions change. Especially relev

Kevin Warsh became chair of the Federal Reserve on May 15 after Senate confirmation earlier this week, succeeding Jerome Powell at a politically sensitive moment for the central bank. A former Fed governor, Warsh brings stronger market credibility than some other candidates considered for the role, but his ties to President Donald Trump have raised questions about the Fed’s independence.Those conc

No. Artificial intelligence (AI) has changed the shape of market concentration more than its substance. Leadership has expanded beyond the largest technology platforms into semiconductors, infrastructure, industrials, and utilities, but many of those winners remain tied to the same AI capex cycle. As a result, the market may look broader on the surface, while still being unusually exposed to a nar

At Cambridge Associates’ Investment Leaders Exchange roadshow in Singapore, chief investment officers, portfolio managers, and other investment leaders gathered to discuss the critical questions shaping portfolios in 2026, from market volatility and shifting bond yields to private market opportunities, artificial intelligence, and regional investment themes across Asia.In this presentation from th

In the fourth episode of Sustainable Investing in Focus, Ratana Tra, Senior Investment Director, and Alice Blackorby, Associate Investment Director, discuss why the circular economy is becoming an increasingly important theme for sustainable and impact investors and what that could mean in practice for portfolios.A combination of environmental, economic, and political factors is driving that momen

Many US private families reduced US tax-exempt municipal bond (muni) exposure in recent years as low yields, poor performance, and elevated volatility weakened the case for tax-exempt fixed income. That rationale now looks much less compelling. With yields higher and a more meaningful tax advantage of munis, tax-exempt bonds should play a larger role in the portion of the portfolio intended to div

Direct lending has attracted significant institutional capital over the past decade, with investors drawn to its attractive yields, floating-rate nature, and senior-secured position. This growth unfolded against a benign backdrop of limited credit stress, helping the asset class generate strong, stable returns but obscuring meaningful differences in manager skill. This narrow performance dispersio

German equities entered 2025 with strong momentum, supported in part by a sharp shift in Germany’s fiscal outlook. After years of underinvestment, the government announced materially higher spending on infrastructure and defense. However, that momentum faded through 2025 into 2026, and German equities stalled (Figure 1). Slow implementation of the announced fiscal packages, limited exposure to art

We're excited to announce the launch of Cambridge Conversations, a new podcast which brings you inside the world of institutional investing, private family wealth, and portfolio management. Each 30-minute episode covers today’s most important investment topics through real conversations with our clients, managers, colleagues, and others in our network. Building for Legacy: Featuring our 20+ year p

No, we do not think this is the likely outcome. While the path forward is highly uncertain, several key factors—including the typically limited pass-through of energy price increases to broader inflation, the possibility that the conflict remains short-lived, and the unique circumstances behind the 2021–22 inflation surge—suggest that a repeat of pandemic-era inflation is unlikely. Nonetheless, if

Step into a conversation about the power of investing in women—and the ripple effects that follow.This International Women’s Day, discover how closing the gender gap in leadership and capital unlocks new opportunities, fuels economic growth, and strengthens communities. This discussion goes beyond the numbers; it highlights the stories, challenges, and progress that emerge from supporting women at

We sat down with Mary Jo Palermo, Partner in the Private Client Practice at Cambridge Associates, to discuss the unique journey of founders as they transition from building businesses to building enduring legacies. Over a 35 year career investing alongside founders—both within global institutional frameworks and in private wealth and family office settings—Mary Jo has developed a nuanced understan

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 improvement

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 the yen. This outcome alig

We're excited to announce the launch of Cambridge Conversations, a new podcast which brings you inside the world of institutional investing, private family wealth, and portfolio management. Hosted by Willis Wilson, each 30-minute episode covers today’s most important investment topics through real conversations with our clients, managers, colleagues, and others in our network. The first two episod

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 app

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. While re

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 exam

Step into the world of advanced robotics, where AI is transforming how we work, move, and live. Discover how surgical robots, autonomous vehicles, and AI-driven exoskeletons are advancing healthcare, streamlining operations, and restoring independence for individuals. Hear from innovators at Xeno Dynamics, leading investors, and a family whose journey with multiple sclerosis (MS) inspired a founda