What is the outlook for hedge funds in 2026?
Examining why hedge funds are becoming increasingly attractive investments as "the end of the alpha winter" may be approaching.
Hi, I'm Aaron Mulvihill. Today I'm an investment strategist, which means I develop insights into markets and the economy, to help investors make more informed decisions. My focus is alternative investments, which is anything other than stocks & bonds. That can include real assets, like data centers, real estate, and the infrastructure behind the power grid. I also cover private equity, private credit, hedge funds and other assets. Most of my work is with clients, but you can also hear me chat with investors on my podcast.
My background is in operations, finance and M&A across the infrastructure space. I spent 12 years with CRH, the world's largest diversified building solutions provider. I managed factories, held various financial leadership roles, and worked on M&A to grow the business. I enjoyed helping to bring projects to life, which included building bridges, data centers, and lot of underground infrastructure for water, energy, and communications. That work allowed me to spend time in many countries, especially in Eastern Europe, the Netherlands and Australia and throughout the US.
I regularly advise and collaborate with a number of early-stage founders where I can lend my expertise. Reach out to me if you'd like to work together.
I grew up in Ireland but now live in New York. I have enjoyed tech and coding all my life, and am usually working on projects for my own enjoyment, or to benefit my community. Most recently, I built an events website for Astoria NY, that uses AI agents to find all the things happening in the neighborhood.
Career
- 2025 - Now: Global Alternatives Strategist @ J.P. Morgan
- 2023 - 2024: VP Operations @ National Pipe & Plastics (A CRH Company)
- 2021 - 2022: Area GM @ Oldcastle Infrastructure (A CRH Company)
- 2019 - 2021: Finance Director @ Oldcastle Infrastructure (A CRH Company)
- 2012 - 2019: M&A @ CRH (Europe, Australia)
- 2010 - 2012: M&A Diligence @ KPMG
- 2005 - 2009: European Studies @ Trinity College Dublin, Ireland
GitHub Contributions (Personal Coding Projects)
2025
2024
Podcasts
Managing market volatility with alternative investments
Portfolios
From Europe to Asia: Trends in alternative investments
Portfolios
Growth equity's new frontier
Venture Capital
Shipping's geopolitical hedge
Shipping
Hidden opportunities in private markets
Portfolios
Pearls of Investment Wisdom
Hedge Funds
Allocate smarter with alternatives
Portfolios
Private credit playbook
Private Credit
Rethinking the 60/40 portfolio
Private Equity
Stadiums, teams and private equity in sports
Private Equity
Unlocking the future of alternatives in retirement plans
Portfolios
The 2026 Long-Term Capital Market Assumptions: Challenges and opportunities
Portfolios
What trends will shape alternatives in 2026?
PortfoliosFinancial Writing
Will nuclear power AI data centers?
Examining whether nuclear power can meet the surging electricity demands of AI data centers and the challenges it faces.
Do recent defaults signal trouble in private credit?
Examining whether recent high-profile defaults indicate broader risks across the credit market.
What is behind the growth of private equity in sports?
Private equity firms are increasingly acquiring stakes in professional sports teams due to their attractive valuations and stable cash flows.
What do interest rate cuts mean for alternatives?
How Federal Reserve interest rate cuts affect various alternative investment strategies including private equity and real assets.
Is private equity the new small cap for growth investors?
Why private equity has become a more attractive alternative to small-cap stocks for growth-focused investors.
What does a higher-for-longer interest rate policy mean for real estate?
How persistently elevated interest rates may paradoxically create favorable conditions for existing quality assets.
Is private credit's resilience about to be tested?
Whether private credit can withstand emerging economic challenges including slowing growth and rising interest rates.
How can investors quickly diversify during market volatility?
How liquid alternative investment strategies can help investors rapidly diversify and manage risk during volatility.
Videos
Photos
A collection of moments from various projects and experiences.
Managing a 24/7 PVC plant making conduit for water, electrical and fiber optic cables.
Infrastructure & Manufacturing
At an AI agent hackathon in San Francisco with some new friends and teammates.
Fun
At a work golf outing and a young gator is guarding the water hazard.
Infrastructure & Manufacturing
Speaking at a conference in Denver
Finance
Dune surfing at Great Sand Dunes National Park, Colorado.
Fun
We practiced auto-rotation and engine failure recoveries this day.
Fun
With my team, on an energy grid improvement we built.
Infrastructure & Manufacturing
Skiing, maybe in Vermont.
Fun
Celebrating St. Patrick's day and promoting safety at a manufacturing plant.
Infrastructure & Manufacturing
With my team at a PVC pipe factory in upstate NY.
Infrastructure & Manufacturing
With the JPMorgan alternatives A-team in London.
Finance
Took a ride in this WW2-era Army trainer PT-17 Stearman biplane off the coast of Georgia.
Fun
The first small plane I logged some hours on. (Netherlands)
Fun
Kayaking on the Kenai Peninsula, Alaska.
Fun
With some heavy yellow iron on a heavy snow day.
Infrastructure & Manufacturing
I've taken up horse riding and now ride a couple of times a year.
Fun
A trip to Japan to meet with clients. Noice the beautiful diorama of agricultural history.
Finance
It was an honor to join a panel of experts on private markets at Fordham University.
Finance
With my team at a precast concrete manufacturer. Easy to spot me as I'm the one wearing lavender.
Infrastructure & Manufacturing
Kayaking
Fun
In full safety gear at a large-scale pipe manufacturing plant that I managed for some time.
Infrastructure & Manufacturing
Kicking off a webcast on venture capital.
Finance
With my team in Long Island NY, building energy grid infrastructure.
Infrastructure & Manufacturing
A client webcast on investment trends in real estate.
Finance
At one of several investment forums where I spoke with clients about alternative investments. This was in Seattle I think.
Finance
Helicopter lessons in Anchorage.
Fun
About to set up camp on a shore with a nice glacier view and some grizzly neighbors not far off.
Fun
Hiking in Colorado, during Covid.
Fun
Somewhere in North Carolina.
Fun