News

We have a lot to say and a lot to share, and we are making headlines across the globe. Read our latest releases and news coverage to stay updated on issues top of mind for global investors and what’s going on at CA.

Cambridge Leverages Hedge Fund Insight, Access in Fast-Growing Business

Top1000Funds.com

Sona Menon’s insights as an outsourced chief investment officer at Cambridge Associates were featured in this Investor Profile, where she highlights the firm’s expertise in alternative investments and hedge funds as contributors to client performance. “As a whole, we are trying to create a portfolio with less beta,” Menon says. “Alpha costs money but we’re […]

Is It Time to Sell PE Interests?

Private Equity Wire

Andrea Auerbach, global head of private investment research at Cambridge Associates, offers an in-depth perspective on the state of the private equity industry, starting with “now is the right time to sell.” She touches on new strategies, pressure on GPs to generate returns, evolution of fee structures, co-invest opportunities, fundraising, and more. Highlights of Auerbach’s […]

Harvesting the Potential of Private Investments

Benefits Magazine

In the November 2017 issue of Benefits Magazine, which covers benefit issues affecting multiemployer, single employer and public plan representatives, senior investment director and investment actuary in Cambridge Associates’ pension practice, Alex Pekker, contributed an article highlighting the potential for private investments in a pension’s investment portfolio. Pekker explains that private investments could be a […]

Committee Report: Investments – Active Versus Passive Management

Trust & Estates

In this contributed article, Cambridge Associates managing director Andre Abrantes encourages investors to reject an oversimplified framework applied to the active versus passive debate, because the reality is that all investing requires active decision making. Some of the key points that Abrantes expands upon in this article include: It’s important to note the wide range […]

Investing in the Lower Mid-Market is Like Boiling the Ocean

Private Equity International

In an article assessing the notion that the best managers in the lower mid-market are producing the best returns private equity can offer, global head of private investment research at Cambridge Associates, Andrea Auerbach, explains that the widest dispersion exists in the lower mid-market, which is where return-seekers should be looking as long as they […]

Track Records Optional: Cambridge Searches for Untested Talent

FundFire

Global head of investment research Noel O’Neill explains Cambridge Associates’ rigorous approach to diligencing and sourcing new and emerging managers. Key excerpts of this interview include: “…There are a lot of people in the investment consulting business who use track records as a screening tool and obviously with emerging managers that are in-between five-year track […]

Cambridge Searches for Untested Talent

FundFire

Noel O’Neill, head of global investment research, discusses Cambridge Associates’ views on emerging managers, and looking beyond past performance and track records to industry expertise, operational excellence, willingness to negotiate fees and terms, and more. “… at the end of the day what is the secret sauce and what truly differentiates the firm from others, even […]

Trabocco: Don’t Assume It’s the Last Inning

Private Debt Investor

In this Q&A Tod Trabocco, managing director who oversees Cambridge Associates’ global private credit efforts, discusses current market conditions, takes a peek into the future, highlights the specialty finance opportunity and cautions against trying to predict the next recession. A few highlights of Trabocco’s commentary include: “Times are bound to get more interesting for private debt […]

Origins Podcast with Michael Larsen, Cambridge Associates

Origins Podcast

In this 50-minute podcast, Michael Larsen, managing director focused on venture capital at Cambridge Associates, explains how Cambridge works with its global institutional clients (e.g., endowments, foundations, family offices, pensions) in building and implementing VC programs and shares some colorful insight into his career path. He explains Cambridge’s approach to manager due diligence, his views […]

Endowments and Towers

Bloomberg Baystate Business Hour, Bloomberg Radio

Letitia Johnson, managing director, spoke to Bloomberg Radio about key drivers behind double digit returns that university endowments are witnessing in FY 2017, highlighting asset allocation to global public equities and good active management. Addressing the whether or not the “endowment model” works, Johnson argues that while it has certainly been challenged in recent years, […]

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US Private Equity was Strong, US Venture Capital More Middling in Second Quarter of 2017

Boston (January 8, 2018) – Performance from private equity managers in the US was strong in the second quarter of 2017, while US-based venture capital performance was more middling, according to the benchmark indexes of the alternative asset classes from global investment firm Cambridge Associates. The Cambridge Associates LLC US Private Equity Index returned 3.6% […]

Persistent Corporate Pension Funding Gap Continues to Raise Bar for CFOs and Financial Executives

New Challenge is How to Fine-Tune Four “Levers” Balancing Act Preview: Cambridge Associates’ Pension Practice Leaders Share Their Thoughts BOSTON (November 28, 2017) – Even amid a surging bull equity market, the average funded status of US defined benefit pension plans – the difference between the average plan’s current assets and its projected benefits obligations, or […]

Private Equity and Venture Capital Managers in Non-US Developed Markets and Emerging Markets Returned 4.2% and 4.0% in First Quarter of 2017

Boston, MA (November 7, 2017) – Private equity (PE) and venture capital (VC) managers in developed markets outside the US returned 4.2% in first quarter of 2017, while PE and VC managers in emerging markets posted 4.0% returns in the same quarter, according to benchmarks of the alternative asset classes published by global investment firm […]

Private Equity and Venture Capital Funds in Developed Markets Outside US Performed Comparable Public Markets in 2016

Meanwhile, Private Investment Funds in Emerging Markets Underperformed Their Public Market Counterparts In 2016, According to Benchmarks Boston, MA (August 29, 2017) – Private equity (PE) and venture capital (VC) managers based in developed markets outside the US outperformed the comparable public markets in 2016, according to benchmark indexes of the asset classes in the […]

Secondary Funds May Be Better First Step into Private Equity than Funds-of-Funds

Secondary Funds Invest in Already-Active Private Equity Funds and Can Generate Stronger Returns than Funds-of-Funds; Funds-of-Funds Can Be Useful in Accessing Specific Strategies or Geographies Boston, MA (August 15, 2017) – More and more institutions are turning to private equity for the first time, in search of investment returns that are increasingly hard to find […]

Cambridge Associates and the Intentional Endowments Network Outline a Blueprint for Action for Investors Wishing to Uphold Aims of Paris Climate Agreement and Implement Environmental Factors into Portfolios

Boston, MA and Essex, MA (June 19, 2017) – Though the United States government is no longer supporting the Paris Climate Agreement, hundreds of American institutions – including endowments and foundations – have joined businesses, philanthropists, cities and states across the country in remaining committed to the international accord. Many institutions struggle to integrate environmental […]

CFO’s Take Note: New Life Expectancy Assumptions May Warrant Reconsideration of Several Pension Decisions

Many Sponsors Believe They Already Fully Accounted for New Mortality Tables, but They May Get Unexpected “Hits,” Like Higher-than-Expected Contributions, Because of an IRS Delay, According to Cambridge Associates BOSTON (June 1, 2017) – By 2016, financial executives of organizations with defined benefit plans had largely modified their financial statements to reflect mortality assumptions that […]

New Impact Investing Performance Data Show that Impact Funds in the Private Real Assets Arena have Delivered Returns on Par with Similar Funds with No Environmental or Social Objectives

New Benchmarks from Cambridge Associates and the Global Impact Investing Network Provide Financial Performance Data on Real Assets-Focused Private Impact Investments, and Highlight Importance of Manager Selection for Outperformance Boston and New York (May 3, 2017) – Private real assets impact investment funds, which invest in assets such as timber, real estate and infrastructure and […]

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