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Global equities hit new all-time highs, bonds rallied, and credit tightened, all on the hopes of a US–Iran ceasefire that remains, as yet, unsigned.

Short-term gold forecasts have been revised downward, reflecting the repricing of Federal Reserve expectations and the rise in short- and long-term interest rates observed in recent weeks.

Markets were driven by shifting rate expectations and geopolitical developments, with US–Iran tensions adding volatility.

Our hedge fund insights this quarter is an update on our previous report on how market volatility impacts systematic and now discretionary strategies in 2026. 

84% of women report feeling unprepared to manage inherited wealth, with many finding the experience challenging when it arrives.