Advising Investors and Managers Navigate Global Markets
Aka & Associates is an independent advisory firm founded by Jahangir Aka.
We advise institutional investors, asset managers, and public institutions on portfolio strategy, governance frameworks, and cross-border market entry.
What We Do
We advise institutions on three interrelated areas:
Portfolio Strategy
Advising asset owners on portfolio construction, diversification, and long-term capital- deployment frameworks.
Governance Frameworks
Advising boards and investment committees on governance structures, investment policies, decision-making frameworks, and institutional alignment.
Cross-Border Market Entry
Advising asset managers and public institutions on market-entry strategy, regulatory and legal requirements, institutional platform development, and sovereign and government engagement.
Selected Experience
Experience spanning Europe, the Middle East, Africa, Central Asia, Asia, and Latin America. Advising sovereign wealth funds, pensions, central banks, family offices, and global asset
managers.
Portfolio strategy, governance frameworks, and cross-border market entry for institutional clients.
Acting as strategic adviser to boards, investment committees, and executive teams on capital deployment and institutional development.
Insights​
This paper examines how tariffs, geopolitics, and market concentration are reshaping global asset allocation, with implications for sovereign wealth funds, pensions, and long-term
institutional investors.
Key takeaways
- Liberation Day as a catalyst: Trump’s tariff announcement in April 2025 accelerated the reassessment of global portfolios, exposing the risks of structural U.S. overweight. Rebalancing is
now underway. - Regional beneficiaries: Europe, the UK, and Japan are absorbing flows as China remains constrained and India increasingly crowded.
- Private capital fundraising: Fundraising remains below the 2021 peak with pressure most acute in private equity. Capital is consolidating among the largest platforms, while LPs demand more from GPs – from co-investment and knowledge transfer to local presence and alignment.
- New dynamics in public markets: Fixed income yields remain compelling, while equities face continued concentration risk driven by the dominance of the Magnificent Seven.