Investment management, like the NBA, has evolved. Investors now embrace new strategies for better results, just as basketball shifted towards analytics.

Global markets experienced a sharp repricing of central bank policy expectations this week as investors reassessed the balance between disinflation and renewed inflation risks. After entering March with growing confidence that rate cuts would unfold smoothly in 2026, that narrative shifted abruptly. Rising energy prices tied to geopolitical tensions lifted inflation expectations and prompted markets to scale back confident easing assumptions across the U.S., Europe, and the U.K.

​​Recent liquidity events related to portfolio companies in which PIF invests through its private equity holdings​.

Whether M&A or IPO activity is slowing or thriving, a strategy focused on secondary private equity may provide more stable cash flows.

Strong plan metrics don’t always reflect how participants feel. Research shows confidence gaps that can remain hidden in plain sight.

Over the last 35-plus years, convertibles have produced equity-like performance but with lower volatility. Today, accelerating new issuance and expanding market breadth adds to the appeal of this unique asset class.

Highlights from the week of February 27 – March 5, 2026.

Global equity markets fell and U.S. Treasury yields increased. Oil was the biggest gainer.

Geopolitical tensions are rising as markets expected disinflation and easing. Fixed income investors watch energy, inflation expectations, and risk pricing.

Secondary private equity can potentially enhance the return and risk profile of a traditional 60/40 portfolio.