David Druley, Chairman and CEO at Cambridge Associates, shared his thoughts around why the firm’s recent minority transaction is meaningful for our clients and employees, and for the institutional investment industry.
Notable excerpts include:
- It is our strong conviction that being independent and privately owned benefits our clients, our investors, and our colleagues.
- Throughout this process, we were very deliberate in our approach to finding the right investor, keenly focused on finding a client that was fully aligned with maintaining our independence and preserving our unique culture.
- In a world in which alpha, or excess investment returns, is a zero-sum game, attracting and retaining the best investment team in the industry is what helps us continue to deliver strong results for our clients.
- Throughout change within this industry and the ongoing evolution of our firm, we remain steadfast in our mission: to help endowments, foundations, pensions, and private clients achieve the investment results they need to meet or exceed their goals and maximize their impact on the world.
Read the full commentary here.