December 11, 2025
The Long View—a series from GEM’s Co-CIO, Matt Bank— explores a range of topics relevant to the fiduciaries and allocators of institutional capital.
Despite buoyant markets and tight credit spreads, long-term investors face an environment defined by uncertainty, structural shifts, and persistent bouts of volatility. In this installment of The Long View, Matt argues that risk management is not a defensive add-on—it is the central craft of investing.
Bank examines how today’s conditions underscore the need for a holistic risk framework centered on:
• A well-articulated investment policy,
• A disciplined approach to rebalancing,
• The flexibility to act when odds temporarily shift, and
• A culture that enables clarity, candor, and decisive action.
The result is a practical guide for institutions seeking to steward capital across generations.
As the pipeline of emerging managers continues to grow, Caroline Dallas, a Director in GEM’s Investment Research Group explained to the Wall Street Journal Pro Private Equity why growing investor interest in this cohort could create meaningful tailwinds for the next generation of women-led firms.
Head of Venture Capital, Kate Simpson, joined David Weisburd on the How I Invest podcast to share how GEM evaluates venture managers and builds conviction through disciplined sourcing, rigorous reference work, and thoughtful fund-level underwriting in an increasingly bifurcated market.
In our 2026 Outlook, the GEM team explores the key forces driving today’s evolving market cycle, from AI-led capital spending to shifting dynamics in private markets, biotech, and real estate, and what they mean for positioning in the year ahead.
Let’s start a conversation about how we can help.
