词条 | Cambridge Associates |
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|name = Cambridge Associates LLC |logo = File:CambridgeAssociates.png |type = Private |industry = Financial services |foundation = {{Start date and age|1973}} |founder = Hunter Lewis, James Bailey |location = Boston, MA, U.S. |key_people = David Druley (CEO) |products = Asset management, investment management |revenue = |operating_income = |net_income = | aum = $30 billion |assets =$389 billion in total global assets under advisement |equity = |num_employees = 1,300 |homepage = {{URL|https://www.cambridgeassociates.com/}} }}Cambridge Associates is a privately held investment firm based in the United States.[1] It provides investment portfolio management and advisory services to institutional investors, including foundations and endowments, pensions, private clients, and corporate and government entities.[2] HistoryCambridge Associates was founded by Harvard College roommates Hunter Lewis and James Bailey in 1973.[3] The firm initially provided investment research to endowments and foundations, and over time, it expanded its services to investment consulting and portfolio management for many institutional investors, such as endowments, foundations and pensions.[4] Cambridge Associates’ CEO, David Druley, was appointed in 2016 after serving as head of global investments. He succeeded Sandra A. Urie, who served as Chairman and CEO for 16 years.[5] BusinessCambridge Associates has, as of mid-2018, $389 billion in assets under advisement, of which roughly $30 billion is managed for client on a discretionary basis -- a 50% increase from 2017. The firm has moved further into the business of investing on behalf of clients in addition to its traditional business of largely recommending investment managers to institutions and wealthy individuals and families. The institutions that outsource the management of their investment portfolio to Cambridge Associates include the American Red Cross, for its pension and endowment; [6] the University of Louisiana at Lafayette Foundation, [7] and the endowment of Louis & Clark College. [8] The Wall Street Journal, Bloomberg and Reuters utilize Cambridge Associates research.[9][10]In 2017, the firm laid off 3% of its workforce in the investment staff, performance reporting and data collection areas in order to more closely focus on its portfolio management operations.[11] Investment servicesIt offers investment consulting, outsourced portfolio solutions, research services and tools, and performance monitoring across various asset classes. The company also provides services in areas, such as investment objectives, asset allocation, investment management structures and guidelines, investment manager selection and evaluation, and performance monitoring.[12] References1. ^{{cite web|title=Cambridge Associates Sells 20% of Firm to Client|author=Leanna Orr|url=https://www.institutionalinvestor.com/article/b1874mbjr101ww/cambridge-associates-sells-20-of-firm-to-client|publisher=Institutional Investor|date=May 16, 2018}} {{US-finance-company-stub}}2. ^{{cite web|title=Cambridge Associates Adds to Its Family of Backers|author=Dawn Lim|url=https://www.wsj.com/articles/lims-take-cambridge-associates-adds-to-its-family-of-backers-1526556601]] |publisher=The Wall Street Journal|date=May 17, 2018}} 3. ^{{cite web|title=Cambridge, a $142 Billion Wall Street Gatekeeper, Cuts Staff|author=Juliet Chung|url=https://www.wsj.com/articles/cambridge-lays-off-staff-as-its-investment-advice-business-suffers-1489489200|publisher=The Wall Street Journal|date=March 14, 2017}} 4. ^{{cite web|title=Cambridge Grows OCIO Assets 50% in Year Since Pivot from Consulting|author=Alyson Velati|url= http://fundfire.com/c/1973444/231724/cambridge_grows_ocio_assets_year_since_pivot_from_consulting?referrer_module=emailMorningNews&module_order=1&code=WTJSMWJtNUFZMkZ0WW5KcFpHZGxZWE56YjJOcFlYUmxjeTVqYjIwc0lEWXhNalEzTmpNc0lESXhNRE01TlRJMU5qST0|publisher=FundFire|date=May 17, 2018}} 5. ^{{cite web|title=Cambridge Associates Names Druley Chairman and CEO|url= http://www.finalternatives.com/node/32964|publisher=FINalternatives|date=May 17, 2018}} 6. ^{{cite web|title=American Red Cross Outsources Investments to Cambridge Associates|author=Amy Whyte|url=https://www.institutionalinvestor.com/article/b18jyb2m87w7p3/american-red-cross-outsources-investments-to-cambridge-associates|publisher=Institutional Investor|date=June 7, 2018}} 7. ^{{cite web|title=UL Lafayette Foundation outsources investments to Cambridge|author=Preeti Singh|url= https://www.pehub.com/buyouts/ul-lafayette-foundation-outsources-investments-to-cambridge/|publisher=Buyouts|date=May 23, 2018}} 8. ^{{cite web|title=Cambridge Associates Adds Oregon Endowment in Asset Manager Push|author=Katrina Lewis|url=https://www.bloomberg.com/news/articles/2018-07-25/cambridge-associates-adds-oregon-endowment-in-asset-manager-push|publisher=Bloomberg|date=July 25, 2018}} 9. ^{{cite web|url=https://blogs.wsj.com/privateequity/2015/08/04/energy-losses-cut-into-private-equity-returns-in-2014/|title=Energy Losses Cut Into Private Equity Returns in 2014|last=Canada|first=Hilary|date=4 August 2015|publisher=The Wall Street Journal|accessdate=24 November 2015}} 10. ^{{cite web|url=https://www.wsj.com/articles/activist-investors-display-a-lighter-touch-1448390492?alg=y|title=Activist Investors Display a Lighter Touch|last=Benoit|first=David|date=24 November 2015|publisher=The Wall Street Journal|accessdate=26 November 2015}} 11. ^{{cite news|last1=Comtois|first1=James|title=Mercer not only consultant changing with the times|url=http://www.pionline.com/article/20170320/PRINT/303209987/mercer-not-only-consultant-changing-with-the-times|accessdate=19 December 2017|work=Pensions & Investments|publisher=Crain Communications Inc.|date=20 March 2017}} 12. ^{{Cite web|url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=2144773|title=Cambridge Associates LLC: Private Company Information - Businessweek|website=www.bloomberg.com|access-date=2016-04-04}} 4 : Companies based in Massachusetts|American companies established in 1975|Privately held companies of the United States|Investment management companies of the United States |
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