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 creating value add for clients to create societal impact is what drive us, Druley addresses two core questions: Is active management the answer?; and How do you do it?. He reinforces that if an investor is going to go down the path of pursuing active management, one must have the skill and talent to identify the managers who can outperform and execute well, otherwise returns will be disappointing. The surge of capital into passive funds has created a fundamental distortion in valuation creating a more robust landscape for good active management, he says.
See the highlights of Druley’s remarks in the short video below.
For additional insights and perspective on this topic, read Druley’s LinkedIn article posted in conjunction with the Global Conference, With investing, simple is not so sweet, here.
Watch the full panel (“The Asset Management Outlook,” moderated by Bloomberg Television’s Jason Kelly), here.