Sustainable Investing Report 2025-26
2025 marked another year of progress across our sustainable investing programme, set against a complex global backdrop. Amid macroeconomic uncertainty, geopolitical tension, and regulatory divergence, we remain focused on the rigorous assessment of financially material risks within the investment process. Our engagement with managers indicates that sustainability-related risks continue to be embedded within core underwriting…
Read MoreInsights 2026 | View on Absolute Return
In Insights 2026, we note that Absolute Return strategies benefited from strong macro dispersion in 2025, creating attractive conditions for active trading. While discretionary managers performed well, systematic models faced a more challenging start before recovering as markets stabilised. The use of Separately Managed Accounts (SMAs) continued to grow, offering more transparency and control for…
Read MoreInsights 2026 | View on Venture Capital
In Insights 2026, we highlight how AI has become the dominant engine of global Venture Capital, accounting for nearly two thirds of US deal value and driving record-scale fundraising by leading AI labs. Rapid adoption and unprecedented revenue growth across AI-native companies have concentrated capital in a small group of category leaders, even as overall…
Read MoreInsights 2026 | View on Real Estate and Infrastructure
In Insights 2026, we highlight how Real Estate and Infrastructure are increasingly attractive sources of resilient, inflation-protected returns as valuations stabilise and capital constraints persist. Current market dislocation is creating compelling entry points for experienced managers, while long-term demand for digital infrastructure and power assets supports durable cash flows and return potential. Key Takeaways
Read MoreInsights 2026 | View on Secondaries
In Insights 2026, we see secondaries playing a growing role as investors seek liquidity, faster distributions and more active portfolio management in a low-DPI environment. With distributions lagging and private markets AUM continuing to expand, many GPs and LPs are turning to the secondary market to reshape exposures, shorten duration and recycle capital into higher…
Read MoreInsights 2026 | Investing in Disruptive Innovations
In Insights 2026, we look at how rapid advances in AI, quantum computing, blockchain and defence technology are reshaping global markets. The scale of investment is unprecedented, but so are the risks, with heavy reliance on debt funding, optimistic revenue expectations and growing pressure on power grids and data infrastructure. Our approach focuses on accessing…
Read MoreInsights 2026 | View on Private Equity
In Insights 2026, we observe a private equity landscape marked by slower distributions and longer holding periods, balanced by resilient company performance in the lower and middle market. With fundraising increasingly concentrated in mega-funds, opportunities are strongest where valuations are lower, earnings growth is healthier and manager skill has greater impact. In this environment, selective…
Read MoreInsights 2026 | View on Co-Investments
In Insights 2026, we highlight how co-investments have become an increasingly important tool for accessing high-conviction private equity opportunities with lower fees and greater control. As fundraising becomes more polarised and many lower and middle market managers face capital constraints, skilled co-investors are being called on earlier and more frequently to help complete transactions. This…
Read MoreInsights 2026 | View on Credit
In Insights 2026, we outline how credit markets have tightened materially, with strong inflows and limited new issuance pushing spreads to multi-year lows. While absolute yields remain appealing, weaker protections, rising dispersion and early signs of stress highlight the need for disciplined underwriting. With public and private markets increasingly overlapping, we see the most compelling opportunities in…
Read MoreInsights 2026 | Executive Summary
This Executive Summary outlines the key themes of Insights 2026. We enter 2026 in an environment shaped by political disruption, elevated tariffs and one of the largest AI investment cycles in history. While global growth has remained more resilient than expected, it is becoming increasingly uneven as labour markets stagnate, business sentiment weakens and inflation pressures oscillate.…
Read MoreInsights 2026
Elevated tensions in growth, inflation and labour markets are intersecting with an unprecedented surge in AI-related investment. Insights 2026 outlines how resilient portfolio construction and highly selective sub-asset class positioning can help investors. In addition, innovative risk management can help navigate this disrupted environment. Key Takeaways An Overview of Insights 2026 What is the outlook…
Read MoreInsights 2025 – View on Uncorrelated Strategies
In Insights 2025, we explore the key trends shaping investment decisions in the year ahead. In this chapter, our team share their perspectives on Uncorrelated Strategies and their role in the evolving market landscape 2025 View on Uncorrelated Strategies Summary Click here to read our full View on Uncorrelated Strategies in 2025.
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