Cambridge Associates was founded 40 years ago to assist nonprofit institutions with the investment of their endowment assets. Today, we are a Global organization that provides investment planning, research and management to over 990 clients including nonprofit institutions, private clients (families) sovereign wealth funds and pension plans. The firm advises on the full range of assets and strategies, including equities, bonds, real estate, venture capital, hedge funds, leveraged buyout funds, oil and gas partnerships, and many other types of investments. We monitor the performance of nearly all major institutional investment managers and conduct in depth research on those we believe have potential to add value to our clients after fees. Our clients were amongst the earliest to invest in alternative strategies such as hedge funds and private equity so we have unparalleled depth of knowledge in these areas as well as substantial committed research resources and data.
Cambridge Associates has a staff of more than 1,100 professionals, including 200 Investment Directors and 150 Investment Associates, based in eight offices located in Arlington, Beijing, Boston, Dallas, London, Menlo Park, Singapore and Sydney. Ours is a long term business with long term client relationships. Accordingly, we take great care in selecting employees with both the aptitude and the willingness to build a long term career in a collegial, hard-working and intellectually challenging team.
The private investment asset classes include venture capital, private equity, fund-of-funds, and real assets. Private Investments (PI) Investment Directors focus on three primary responsibilities: advising clients on their private investments; researching PI asset classes, products and investment managers in coordination with the research staff; and serving as a resource to the firm’s other Investment Directors in establishing and monitoring clients' PI programs. The investment director functions as a bridge between our client-facing and research efforts on private investments. Each investment director is responsible for multiple clients, in addition to being a resource to investment directors with other clients, which requires them to handle several projects at once.
Investment Directors in the Private Client Practice are part of a team who services more than 200 private families advising on both taxable and charitable assets. Our clients range in asset size from under $100 million to more than $10 billion and are located in over 35 countries worldwide.
Develop, Implement, and Review Private Investments Programs: Investment Directors structure and implement diversified PI portfolios for clients. They are responsible for working with clients who are initiating a new PI program, as well as with clients who are reviewing or restarting an established program. To assist clients in achieving a diversified PI portfolio, investment directors review the range of PI asset classes and construct the portfolio based on the program’s desired risk/reward objectives, evaluate potential and current managers, and develop an appropriate forward investing schedule. On an ongoing basis, they regularly review the portfolio strategy and managers and recommend appropriate changes. Implementing a diversified PI portfolio is a multi-year process, thus Investment Directors must constantly review new managers in the market and monitor existing managers on an ongoing basis. Specific activities also include supervising investment associates, preparing presentation materials, and making presentations to clients.
Participate in Private Investments Manager Research: Investment Directors also spend a significant amount of their time on manager research. This includes meeting with managers presenting in our offices, visiting managers in their offices (either with or without clients present), attending annual meetings, and attending managers' presentations to clients. In conjunction with the firm’s Private Investments Research staff, investment directors contribute to due diligence reports and develop relationships with managers to help identify and access promising investment opportunities.
Function as an Internal Resource: Finally, Investment Directors serve as a resource to the broader staff on implementing and maintaining private investments programs for the firm’s clients. They also leverage internally conducted research to speak with other investment directors and write knowledgeably about the private investments market and managers.
MBA or CFA strongly preferred.
3 - 5 years of appropriate knowledge and experience preferred, gained from work in a similar capacity at either a family office, large institutional investor (such as a pension fund or endowment), fund-of-funds, or at a private equity investment firm.
Demonstrated qualitative and quantitative analytical skills.
Excellent oral and written communication skills.
An ability to work independently and in teams.