February 03, 2023
Looking Beyond ‘23
Our framework identifies three primary portfolio implications for navigating a new market environment:
1. Balanced Asset Allocation: Balanced asset allocation will be critical. The era of simple stock/ bond diversification is likely over.
2. Higher Real Assets Correlation: Commodity demand, US dollar weakness, and pressure on long-duration sectors will shift investor focus toward emerging markets and other market segments with higher real asset correlation.
3. Strong Governance & Risk Management: More inflation and geopolitical volatility will put a premium on a dynamic approach to risk management and strong governance norms.
Kate Simpson and Jay Ripley spoke with James Comtois at Institutional Investor about Kate’s decision to join GEM, the evolution of the venture market, and how the firm is navigating current challenges and opportunities to meet the growing demand for access.
The firm announced that Kate Simpson has joined GEM as Managing Director on the Investment team. With more than 20 years of experience, she will help guide the firm’s venture capital strategy and further strengthen its investment platform.
GEM is proud to announce that Managing Partner and Co-Founder, Stephanie Lynch, has been recognized by Pensions & Investments as one of the 2025 Influential Women in Institutional Investing, honoring leaders driving impact and positive change in the industry.
Let’s start a conversation about how we can help.
