As part of our regular equity research process, we recently met with a management team running a global private equity firm. During the meeting, the executives made two very profound comments that have stuck with me: “There is no more private market discount, private markets are more expensive than public markets” and “It’s good that...read more
We have had unprecedented moves in many markets over the last few weeks, and it’s important to remember unprecedented things happen in the market over and over again. While this situation is unique, the market behavior is not unusual.
While we don’t have a lot of certainty about what will happen from here, we wanted to share our...read more
The spread of the Coronavirus and the acceleration of cases outside China last weekend has been the catalyst to a swift market correction. There is still significant uncertainty over how the virus will continue to spread, which has certainly added to the speed and magnitude of the sharp correction we’ve witnessed.
Efforts to slow the...read more
The Fixed Income Team at Cambridge Global Asset Management strives to build conviction in our ideas daily through research, humility and discipline. This is especially important in credit because it can humble you in the blink of an eye. However, a strong process can add significant value. In 2019, credit was an important source of alpha, or...read more
I hope everyone had an enjoyable holiday season. We are excited to be starting into another year of working hard to bring value to our clients. I have some important announcements regarding the small-cap team, and I also want to highlight some recent additions to the portfolio we are excited about for 2020 and beyond.
You are all likely...read more