Cambridge Associates

More Top Consultants Depart Cambridge Associates | Institutional Investor | 9/15/2019

At least 20 senior consultants and staffers have left since spring, and institutions are snapping them up. Closing the 401(k) gap for women Inova Health System has installed a new in-house investment team, led by its former Cambridge Associates consultants. Laura Pinsky took over Inova’s $5 billion portfolio in May as chief investment officer, digital records show. She’s joined by Craig Beach, who’s now managing director of private …

Private Equity Jobs of the Week: Cambridge Associates, GCM Grosvenor and Wells Fargo are hiring | PE Hub | 9/3/2019

Private Equity Jobs of the Week: Cambridge Associates, GCM Grosvenor and Wells Fargo are hiring September 3, 2019 By Iris Dorbian Photo courtesy of Shutterstock A weekly roundup of jobs in the private equity industry – from buyout shops to venture capital funds to investment banks. Cambridge Associates is seeking an investment director . The hire will oversee and participate in all aspects of client projects, which include performing analytical tasks, developing …

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100 Year Bonds? Here’s Why ‘Ultra-Long’ Bonds Have Caught on in 14 Countries and Counting | Fortune | 8/23/2019

Sovereign bond yields across the globe are stuck near all-time historic lows, with Germany issuing negatively-yielding 30-year debt for the first time ever on Wednesday. While bond markets may be signalling recession ahead for the global economy, governments around the world are increasingly eager to take advantage of historic low borrowing costs to fund their near continuous deficits. That’s likely one reason why the US Treasury quietly …

Why startups fail, according to company founders and investors - Business Insider | 8/9/2019

… Dublin. Ronald Mitchell , a professor of entrepreneurship at Texas Tech University. Read on to learn about the most common causes of startup death — and how to avoid them. The problem: Thinking you’re the next Steve Jobs Entrepreneurs have a tendency to be overly optimistic about their chances of success, research suggests. It’s part of what keeps them going in the face of tremendous adversity — and part of what makes them …

Hedge funds’ dim returns aren’t a deal-breaker for some health systems | Modern Healthcare | 8/3/2019

… funds as a percentage of those systems’ overall investment assets. For Advocate Aurora Health, based in Milwaukee and Downers Grove, Ill., that was a whopping 31% in 2018. For IU Health, it was 25%. Mayo Clinic had 24% of its investment assets in hedge funds . That’s despite hedge funds not performing as well in recent years as many had hoped. Hedge funds netted a 3.4% loss last year, according to …

Luisa Beltran wrote a new post, Welsh, Carson, Anderson & Stowe’s 13th flagship raises $4.3 bln, on the site PE Hub | 7/30/2019

Welsh, Carson, Anderson & Stowe’s 13th flagship raises $4.3 bln July 30, 2019 Follow @LuisaRBeltran Welsh, Carson, Anderson & Stowe said July 30 that its latest flagship closed at its hard cap of $4.3 billion, exceeding its $3.5 billion target. Limited partners’ capital totaled $4 billion, while the WCAS GPs and affiliated entities committed approximately $300 million. WCAS XIII LP will invest in healthcare and technology companies, mainly in the U.S. PRESS …

Cambridge Associates Named Outsourced Investor of the Year and Hedge Fund Consultant of the Year by Institutional Investor | The Wapakoneta Daily News | 7/10/2019

Global investment firm Cambridge Associates today announced that it has been named Institutional Investor’s 2019 Outsourced Investor of the Year (OCIO) and Hedge Fund Consultant of the Year. The accolades, announced at the 17 th Annual Hedge Fund Industry Awards, recognize organizations that “stood out for their performance innovation, achievements and contributions to the industry in the past year.” Cambridge Associates has served as OCIO to institutional and private clients …

REITs Vs. Private Equity Funds: What’s The Best Way To Invest In Real Estate? | Seeking Alpha | 6/1/2019

… look at the data behind this claim, we find the opposite to be true. Private equity funds have significantly underperformed public REITs over the long run. According to an extensive study conducted by Cambridge Associates, REITs have outperformed private equity funds by nearly 4% per year for the last 25 years: Source Using other data source and a slightly different time period, EPRA comes to the same conclusion, with REITs …

3 Top REITs With High Dividend Yields Above 5% And Secure Payouts - Tanger Factory Outlet Centers, Inc. (NYSE:SKT) | Seeking Alpha | 5/17/2019

… on his own, setting the investment up for greater long-term risk-adjusted returns. Indeed, these qualitative advantages have proven themselves to be decisive over the long term. According to a study by Cambridge Associates, over the past quarter century, REITs have returned more than 11% per year while private equity real estate investments returned just 7% on average, a ~400 basis point annual underperformance. source In fact, REITs have …

Singapore to launch corporate structure for investment funds | MSN | 5/13/2019

… of a simplified regulatory regime for VC fund managers in 2017. Currently, 57 managers are operating under the new regime. He also mentioned a partnership with Singapore Venture Capital & Private Equity Association and Cambridge Associates to create inaugural performance benchmarks for PE and VC funds focused on Southeast Asia …

Kapor Capital wants to dispel myths about do-good investing - Axios | 5/10/2019

Kapor Capital wants to dispel myths about do-good investing Illustration: Axios/Lazaro Gamio Kapor Capital, a venture capital firm that seeks to invest in startups with a positive societal impact, says its returns are just as good as more traditional seed funds of similar size. Why it matters: The firm says it wants to dispel the perception that so-called “social impact investing” is just charity and can’t lead …

Greg Beaman wrote a new post, Canadian PE values slow to $4.9 bln in 2019’s first three months, on the site PE Hub | 5/3/2019

… The performance of Canadian buyout, private equity energy, and subordinated capital funds continued to show slight underperformance to public market comparators through to the first nine months of 2018. Published data provided by Cambridge Associates shows Canadian buyout, private equity energy, and subordinated capital funds with vintage years of 2000 or greater returning a since inception IRR of 5.7% as of the end of Q3. This lags far behind their …

Greg Beaman wrote a new post, Canada’s VC market sees eye-popping $1.4 bln invested in Q1, on the site PE Hub | 5/2/2019

… list for the quarter was the $141 million series B funding round into Fusion Pharmaceuticals, a Hamilton-based biopharmaceutical company developing innovations in radiation therapy for cancer treatment. The round was led by Varian Medical Systems and OrbiMed, who were joined by a large consortium of life science investors including Canadian firms Genesys Capital and FACIT. Other top deals during the period included financial analytics software Vena Solutions’ $115 million …

(USA-TX-Dallas) Valet Associate - Full Time - Trammell Crow Office | 4/29/2019

… space. The Dallas icon was built in 1984 and started working in 2017 to renovate and expand the property, including a new 2,000 spot parking garage. Its impressive list of office tenants includes Cambridge Associates, Akerman, Goldman Sachs, and Investco, among others. With new amenities like retail space and a conference center, Trammell Crow Center is an attractive site to business professionals. YOUR POSITION As a Valet Associate, you’ll be …

Report: E*Trade Prepares to Offer Crypto Trading | Yahoo News | 4/27/2019

… next couple of years, I think you’ll see Robinhood looking like a full-service consumer finance company.” Some analysts have recently said that cryptocurrency represents a sound long-term investment for institutional investors. Cambridge Associates, which specializes in pension and endowment consultancy, wrote: “Despite the challenges, we believe that it is worthwhile for investors to begin exploring this area today with an eye toward the long term. Though these investments …

Is forestry a Good impact investment? | 4/26/2019

… a resurgence, with its research suggesting that sustainable forestry investments can significantly out-perform non-sustainable investments. The report, Scaling Impact Investments in Forestry , follows a study in 2017 in which GIIN and Cambridge Associates compiled a series of investment benchmarks (baskets of different types of investments) that tracked ‘real’ impact assets like forestry. The performance of the timber benchmark, comprising 18 impact funds at the time, showed that the …

Morningstar to Join Growing Lineup of Financial Institutions at Inaugural Digital Asset Summit - May 15, 2019 | 4/25/2019

… www.digitalassetsummit.io ) that include Fidelity, CBOE, Cambridge Associates, and more. DAS is BlockWorks Group’s flagship event, and will take place on May 15th in downtown Manhattan . Morningstar’s Johnson joins featured speakers from the DTCC, RRE Ventures, Fusion Foundation, and most recently Vincent Molinari of Templum, who will address the audience in a fireside chat with Morgan Creek’s Anthony Pompliano . The fireside will focus on the evolution of capital markets, their regulatory …

What’s Powering the Stock Market’s Record Highs? Strong Earnings—and FOMO | Fortune | 4/24/2019

… an overreaction to the fourth quarter, and now it might be a slight overreaction to the lack of significant bad news in the first quarter,” said Margaret Chen, head of CA Capital Management, Cambridge Associates’ outsourced investment office business, which has $32.4 billion in assets. Nevertheless, “investors are learning to manage market anxiety much better,” she said. “They are getting conditioned to go to the brink of uncertainty but not …

What Type of Women Venture Capitalists Will The Midas Touch Pass To | Forbes | 4/17/2019

… from its height set in 2015 , according to Venture Monitor, 4Q 2018 by PitchBook and the National Venture Capital Association (NVCA). This is despite research by the National Association of Investment Companies and Cambridge Associates showing that venture funds, run by diverse managers who invest in early-stage companies outperform the sector. There is, of course, another reason that institutional investors, with billions to invest, put their money upstream where …

ACA

High Water Women to Hold Fifth Symposium on Impact Investing | PR Newswire | 11/27/2017

… since its founding in 2005. The Symposium brings together family offices, foundations and their advisers, as well as asset managers, academics, and other key stakeholders to engage in dynamic conversations on investing for impact. “The … Hanson , President, Church Investment Group Erin Harkless , Senior Investment Director, Cambridge Associates Joshua Humphreys , President and Senior Fellow, Croatan Institute Stephanie Kater , Consultant, The Bridgespan Group Karen Karp , President, KK&P Joseph Kinard , Investment Committee …

WebMD

U.S. tax curbs on debt deduction to sting buyout barons | Reuters | 12/21/2017

Cambridge Associates. Around a third of all leveraged buyouts are expected to be worse off under the new tax system, according to Moody’s Investors Service Inc. Using excessive borrowing as a yardstick, health publisher WebMD, software provider LANDESK and auto accessory seller Truck Hero are among those that could take a hit from the interest expense deductibility cap. All these companies are indebted at well above five times EBITDA, according …

Blackstone Group

U.S. tax curbs on debt deduction to sting buyout barons | Reuters | 12/21/2017

… of leverage.” The rules also show the limits of the industry’s influence in Washington, despite efforts by executives such as Blackstone Group LP ( BX.N ) Chief Executive Stephen Schwarzman to cultivate Trump and his Republican party … average, saddle companies with more debt than that, according to Cambridge Associates. Around a third of all leveraged buyouts are expected to be worse off under the new tax system, according to Moody’s Investors Service …

Fidelity Investments

Dark Side at Fidelity: Women Describe Culture of Bias, Revenge - Bloomberg | 11/3/2017

… and is blackballed, she says Aspiring money manager alleges a double standard for women The trouble for Erika Wesson at Fidelity Investments began with an anonymous email. “Maybe you can go out there and do … after Marc Cardillo, a managing director at investment consulting firm Cambridge Associates , met Wesson, he shot an email to Jeffrey Gandel, another of her former Fidelity bosses: “hubba hubba - how’d you let her go?” Later …

Women at Fidelity describe a culture of bias and revenge | MSN | 11/3/2017

… Fidelity describe a culture of bias and revenge Bloomberg 2 hrs ago Sabrina Willmer The trouble for Erika Wesson at Fidelity Investments began with an anonymous email. Popular Searches Apple Inc AAPL ▲ 172.96 +4.93 +2.93 … after Marc Cardillo, a managing director at investment consulting firm Cambridge Associates, met Wesson, he shot an email to Jeffrey Gandel, another of her former Fidelity bosses: “hubba hubba - how’d you let her go?” Later …

KKR & Co

U.S. tax curbs on debt deduction to sting buyout barons | Reuters | 12/21/2017

… casts a wide net, given that private equity firms, on average, saddle companies with more debt than that, according to Cambridge Associates. Around a third of all leveraged buyouts are expected to be worse off … times EBITDA, according to Thomson Reuters LPC data. WebMD owner KKR & Co LP ( KKR.N ), and Truck Hero owner CCMP declined to comment on the impact of the cap on their companies and whether other aspects …

Sequoia Capital

Alan Patricof: An Ageless VC Makes a Splash With Young Startups | Fortune | 12/12/2017

… a competitive edge by being one of relatively few prominent VC firms not based in Silicon Valley, where juggernauts like Sequoia Capital and Andreessen Horowitz define the scene. In 2006, when Patricof launched Greycroft in … limited partner investors, including the Walt Disney Co. (dis) and Cambridge Associates, to reinvest year after year. Greycroft also strives for an inclusive, open culture that’s taking on growing importance at a time when venture …

Unicorns: What Are They Really Worth? - Barron’s | 11/18/2017

… low-cost exposure to the market is crowding out the appetite for IPOs,” says Andrea Auerbach, a managing director at Cambridge Associates who advises pension funds and other institutions on private investments. There’s a price … ACCORDING TO PAT GRADY, a partner at venture-capital firm Sequoia Capital, there has been a notable increase in fancy fund-raising terms in recent years. “There’s a lot of financial engineering that people can …

BlackRock

High Water Women to Hold Fifth Symposium on Impact Investing | PR Newswire | 11/27/2017

… will conclude at 5:30 p.m. Sponsors of HWW include The John D. and Catherine T. MacArthur Foundation, Orrick Herrington & Sutcliffe, BlackRock, Deutsche Asset Management, KKR, Treehouse Investments, Trillium Asset Management, Calvert Investments, Columbia Threadneedle, Community … Hanson , President, Church Investment Group Erin Harkless , Senior Investment Director, Cambridge Associates Joshua Humphreys , President and Senior Fellow, Croatan Institute Stephanie Kater , Consultant, The Bridgespan Group Karen Karp , President, KK&P Joseph Kinard , Investment Committee …

Wellington Management

High Water Women to Hold Fifth Symposium on Impact Investing | PR Newswire | 11/27/2017

… Managing Partner, Rethink Education Susan Hammel , President, Cogent Consulting JoAnn Hanson , President, Church Investment Group Erin Harkless , Senior Investment Director, Cambridge Associates Joshua Humphreys , President and Senior Fellow, Croatan Institute Stephanie Kater , Consultant, The Bridgespan … Director, IoTask Quyen Tran , Vice President and Equity Portfolio Specialist, Wellington Management Brace Young, Partner, Arabesque HWW invites individuals, organizations and firms already involved in or seeking to explore the field of values-based investing …

First Round Capital

The real costs of devaluing women, Opinion News & Top Stories - The Straits Times | 12/10/2017

Cambridge Associates: Investors in the high-risk, high-reward world of start-ups essentially did no better than they could have opening an account at their neighbourhood brokerage. What might help those venture capitalists? First Round Capital reports that its investments in companies with a female founder have posted 63 per cent better returns than men-only firms. Venture capital and Wall Street are both funded by “other people’s money …

The Cost of Devaluing Women | 12/10/2017

Cambridge Associates: Investors in the high-risk, high-reward world of start-ups essentially did no better than they could have opening an account at their neighborhood brokerage. What might help those venture capitalists? First Round Capital reports that its investments in companies with a female founder have posted 63 percent better returns than men-only firms. Venture capital and Wall Street are both funded by “other people’s money.” Pension …

T. Rowe Price

Unicorns: What Are They Really Worth? - Barron’s | 11/18/2017

… waiting for companies to grow up; instead, they’ve dug into the private markets, searching for growth. Fund giants Fidelity and T. Rowe Price have led private fund-raising rounds for unicorns, such as Dropbox, Airbnb … appetite for IPOs,” says Andrea Auerbach, a managing director at Cambridge Associates who advises pension funds and other institutions on private investments. There’s a price for everything, however, and U.S. investors are still willing to …

Goldman Sachs

SuperReturn US West Returns to San Francisco February 12-14 | Business Wire | 1/22/2018

Goldman Sachs & Co Scott Kupor, Managing Partner, Andreessen Horowitz Aaron Gershenberg, Founder and Managing Partner, Silicon Valley Bank Capital Lindsay Larsen, Managing Director, UVIMCO Doug Tapley, Director, KKR Julia Winterson, Director, Investments, Dignity Health Andrea Auerbach, Managing Director, Head of Global Private Investments, Cambridge Associates Kevin McDowell, Managing Director, Alberta Teachers’ Retirement Fund “We are very pleased to once again host SuperReturn US West in San Francisco, bringing together a …

RRE Ventures

Morningstar to Join Growing Lineup of Financial Institutions at Inaugural Digital Asset Summit - May 15, 2019 | 4/25/2019

Cambridge Associates, and more. DAS is BlockWorks Group’s flagship event, and will take place on May 15th in downtown Manhattan . Morningstar’s Johnson joins featured speakers from the DTCC, RRE Ventures, Fusion Foundation, and most recently Vincent Molinari of Templum, who will address the audience in a fireside chat with Morgan Creek’s Anthony Pompliano . The fireside will focus on the evolution of capital markets, their regulatory requirements, and how those requirements …

Donald Trump

U.S. tax curbs on debt deduction to sting buyout barons | Reuters | 12/21/2017

… their taxes, according to legislation approved on Wednesday by U.S. lawmakers and set to be signed into law by President Donald Trump. The changes are a blow to the industry’s business model of larding companies … average, saddle companies with more debt than that, according to Cambridge Associates. Around a third of all leveraged buyouts are expected to be worse off under the new tax system, according to Moody’s Investors Service …

Valerie Rockefeller

High Water Women to Hold Fifth Symposium on Impact Investing | PR Newswire | 11/27/2017

… Investing in New York at the City of New York Graduate Center, this Thursday, Nov. 30, 2017 . Featured speakers include Valerie Rockefeller , Trustee, Chair of the Rockefeller Brothers Fund and Governor Deval Patrick , Managing Director … Hanson , President, Church Investment Group Erin Harkless , Senior Investment Director, Cambridge Associates Joshua Humphreys , President and Senior Fellow, Croatan Institute Stephanie Kater , Consultant, The Bridgespan Group Karen Karp , President, KK&P Joseph Kinard , Investment Committee …

Mike Pence

U.S. Tax Curbs on Debt Deduction to Sting Buyout Barons | U.S. News & World Report | 12/21/2017

… a.m. U.S. Tax Curbs on Debt Deduction to Sting Buyout Barons Share U.S. President Donald Trump celebrates with Vice President Mike Pence and Congressional Republicans after the U.S. Congress passed sweeping tax overhaul legislation on … average, saddle companies with more debt than that, according to Cambridge Associates. Around a third of all leveraged buyouts are expected to be worse off under the new tax system, according to Moody’s Investors Service …