Eisenberg returns to Cambridge to support the firm’s consistent pension OCIO growth
BOSTON, February 11, 2020 – Global investment firm Cambridge Associates (CA) today announced the hiring of Managing Director David Eisenberg, who will serve as an additional outsourced chief investment officer (OCIO) in the firm’s pension practice. Outsourced management continues to be a growing demand by plan sponsors and CA is deeply committed to ensuring the firm’s pension investment team is robust and continues to grow in line with client needs. He will be based in Boston and report to the Head of the North American Pension Practice, Sona Menon.
Eisenberg will build, implement and manage custom portfolios to meet the unique investment objectives of pension plan sponsors, including corporate, multiemployer and public pension clients, as well as other owners of complex asset and liability pools. He brings over 35 years of investment industry experience and is joining from Meketa Investment Group. Eisenberg began his institutional investment career at Cambridge Associates and held roles at Mercer, Fidelity Investments, John Hancock Advisors and NEPC, before returning to CA.
“Even though Cambridge has evolved as an investment firm since I last worked here, they’ve kept the same culture that always puts clients first,” said David Eisenberg, a Managing Director at Cambridge Associates. “I’m excited to re-join a firm that has both the expertise and client focus needed to help plan sponsors address their complex investment and plan management challenges.”
Cambridge Associates brings over 45 years’ experience to global pension investment management, building customized portfolios to create the value each plan sponsor needs. In doing so, it partners with owners of complex asset and liability pools across the full pension investing life cycle, including enterprise review, investment policy creation, asset allocation strategy, glide path design, manager research, and de-risking.
“We hired David in response to the growing demand from pension clients for our outsourced CIO services,” said Sona Menon, Head of the North American Pension Practice at Cambridge Associates. “David’s experience in this space and his extensive industry knowledge will be an incredible asset to our business.”
Cambridge Associates has served as OCIO to institutional clients for more than 18 years. Today, pension clients account for nearly half (43%) of the firm’s total discretionary AUM. Demand for OCIO services is expected to grow as clients continue to fully delegate management of their portfolios, freeing up time to instead focus on investment policy.
About Cambridge Associates
Cambridge Associates is a global investment firm. The firm aims to help pension plans, endowments & foundations, healthcare systems, and private clients implement and manage custom investment portfolios to generate outperformance so they can maximize their impact on the world. With more than 45 years of institutional investing insights, the firm has helped to shape and implement investment best practices and built strong global investment networks with the purpose of driving outperformance for clients. Cambridge Associates delivers a range of services, including outsourced CIO, non-discretionary portfolio management, staff extension and alternative asset class mandates.
Cambridge Associates maintains offices in Boston; Arlington, VA; Beijing; Dallas; London; Menlo Park, CA; New York; San Francisco; Singapore; and Sydney. Cambridge Associates consists of five global investment affiliates that are all under common ownership and control. For more information, please visit www.cambridgeassociates.com.