In The News

VIDEO: Active Management and Our Future with David Druley

Remarks from Cambridge Associates Chairman and CEO David Druley at the 2017 Milken Institute Global Conference Druley describes his perspective on how institutions and family offices can meet the challenges of generating the investment returns they need to fulfill their missions and achieve their objectives at the Milken Institute’s 20th Annual Global Conference. Emphasizing that […]

Report: Second-Hand Stakes a Better Bet for Private Investment Newbies

Secondary funds, which purchase existing positions in private funds from other limited partners looking to exit their investments, for liquidity, portfolio restructuring, or other reasons, allow allocators to see more immediate cash distributions while experiencing less overall risk compared to other private investment vehicles. Senior investment director Alex Shivananda walks through the various considerations for […]

OCIO Action Lures Large Firms to Fight for Assets

Cambridge Associates’ footprint in the OCIO space began 14 years ago and is a fast-growing segment of the firm’s business, having witnessed nearly 30% growth each year over the last five years. Margaret Chen, head of CA Capital, highlights the importance of resources and operations when it comes to serving as an outsourced investment office, […]

Cambridge’s Auerbach Says It’s a Great Time to Sell in PE

Andrea Auerbach, global head of private investment research at Cambridge Associates, spoke to Bloomberg TV about private equity valuations, fundraising, and the abundance of PE strategies that have come to market in the last decade. These “off-shoots” from plain vanilla PE strategies are all in pursuit of finding and generating the compelling return for institutional […]

Video: Investors Should ‘Dig Deep’ into Indexing

Margaret Chen, head of CA Capital, talks to FundFire’s Alyson Velati about the potential reasons investors are going passive in this current market environment, and the alternatives to indexing as it relates to Investment Committees addressing performance and governance issues. Chen stresses the importance of understanding the institution’s investment objective and sticking with the agreed-upon […]

Special Report on Private Equity: 7 Ways PE Firms are Evolving

Andrea Auerbach, global head of private investment research at Cambridge Associates, discusses the latest trends seen among private equity firms and strategies, highlighting sector-focused investments, co-investments, and operational expertise among GPs as opportunities for institutional investors. Key takeaways include: – “Co-investment has become more commonplace. Every fund manager we meet with says they have co-investments […]

Chen Sees Role Reversal for Endowments

CA Capital’s Margaret Chen spoke to Bloomberg Radio about the geopolitical and market environment factors that contributed to strong endowment (E&F) returns in Fiscal Year 2017, pointing to double-digit returns from public equities and better performance from hedge funds compared to previous years. Chen reminds investors that the bull market isn’t permanent (though it might […]

Industry Voices: Playing the Long Game: The Case for Ultralong Treasuries

Ultralong Treasury bonds could become a major boon for the institutional investment market throughout the US as well as around the world if the bonds are executed well, according to an article for Pensions & Investments co-authored by Jeff Blazek and Alex Pekker, of Cambridge Associates’ pension practice. Blazek and Pekker address the US Treasury […]

An Industry in Flux

Managing director and head of real assets at Cambridge Associates, Meagan Nichols, discusses the firm’s history of advising clients on real estate investments and how real estate has shifted “from being part of a larger private equity or overall portfolio mandate to becoming a dedicated asset class.” “Increasingly, as more and more dollars are going […]

Kreutzer’s Take: PE’s Dry Powder Challenge, the Oil-and-Gas Edition

Meagan Nichols, managing director and global head of real assets at Cambridge Associates, spoke at SuperReturn US East in Boston about the current oil-and-gas investment landscape, highlighting “so much cash sitting on the sidelines [and] limited partners contemplating commitments to new funds in the space” as reasons for institutional investors to be patient and cautious […]