1、2025 OUTLOOK Published December 5,2024Introduction2025 stands at a crossroads.In the prior year,nearly half of the worlds population across more than 70 countries participated in national elections,artificial intelligence gained considerable traction in the marketplace,and several central banks init
2、iated a synchronized interest rate-cutting cycle.Each of these developments alone creates a complex landscape for investors to navigate.Yet,the situation is further complicated by heightened geopolitical risks and an investment environment brimming with uncertain-ties.Will the impressive performance
3、 of US equities continue?Can private equity and venture capital achieve better results?What does the future hold for credit markets?In the following pages,we answer these questions and many others across all asset classes as we present our 2025 Outlook.Ilona VdovinaSenior Investment Associate,Capita
4、l Markets ResearchSerge AgresManaging Director,Pension PracticeMarc CardilloHead of Global Real AssetsAaron CostelloHead of AsiaCelia DallasChief Investment StrategistTiffany DiLibertoSenior Editorial Project Manager,Capital Markets ResearchFrank FamaHead of Global Credit Investment GroupChristina F
5、enton-NeblettSenior Director,Capital Markets ResearchVivian GanAssociate Investment Director,Capital Markets ResearchGuillermo Garcia MontenegroInvestment Associate,Capital Markets ResearchKristen OuelletEditorial Project Manager,Capital Markets ResearchDavid KautterAssociate Investment Director,Cap
6、ital Markets ResearchGrayson KirkSenior Investment Associate,Investment Strategy OfficeGraham LandrithAssociate Investment Director,Capital Markets ResearchWill LawrencePartner,Private Client PracticeStephen ManciniSenior Investment Director,Hedge FundsJoseph MarendaHead of Hedge Fund Research and D