Are US Small Caps Poised to Outperform?

Published on May 16, 2024

Yes. We believe higher-quality US small-cap companies trade at a significant discount to large-cap peers, and their balance sheets have held up better than headlines suggest. Recent earnings for small-cap companies have disappointed, but we see this as more driven by sector and cyclical effects that should ease over the next 12 to 18 months than higher interest expenses. As earnings start to rebound, we expect the market to shift its focus back to the compelling valuation discount offered by US small caps, setting the stage for the next leg of their outperformance.

Read the full publication here.

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Have Public Market Returns Permanently Eclipsed Private Market Returns?

April 23, 2024
No, while the public market’s outperformance may seem like a total eclipse, this one, like all eclipses, will be temporary.At present, short-term private equity returns do not compare favorably to those of public benchmarks. For the nine months ended September 30, 2023, global private equity and global venture capital underperformed the MSCI ACWI on a public market equivalent basis to the tune of

2023 Diversity, Equity, and Inclusion (DEI) Report

May 20, 2024
Welcome to the Cambridge Associates 2023 Diversity, Equity, and Inclusion (DEI) report. We are proud of our commitment to DEI and excited to share our ongoing progress with you. We believe in the power of diverse voices to drive performance, recognizing that we create the best opportunity to deliver for our clients, our firm, and our community when every voice is engaged and empowered. Only then c