Based on nearly 1,000 decision makers convened at Global Alts New York and a survey of almost 120 global LPs, here’s where the room stands at the midpoint of 2026: more bullish on equities, more anxious about geopolitics, and split down the middle on where rates go next.
Midyear 2026:
The Selective Allocator
Midyear 2026
59%
plan to increase their alternatives allocation. Just 2% plan to decrease.
11%
now unsure of allocation plans, up from just 1% in 2025
80%
cite geopolitical risk as a top concern, up from 61%
26%
expect the S&P 500 to gain 10%+ this year, up from just 5%
Two cities, two macro frameworks
We compared Fed expectations from our Miami audience in February to our New York audience in June. It’s the sharpest divergence in the entire dataset.
67%
Miami · expect rate cuts
17%
New York · expect rate cuts
Net LP conviction, ranked across 21 strategies
Long/Short Equity +37
Multi-Strategy +35
Private Equity +30
ILS / Catastrophe Bonds -14
Get the Full Report. Free.
- Net interest and conviction score across all 21 alternative strategies
- Why private credit’s raw interest overstates real allocator appetite
- The Miami/New York Fed divergence and what it means for pricing
- Which LP types concentrate meetings in which strategies
- The top barrier keeping LPs from allocating to a new fund
