Insights

Would Adoption of Policies Like the Rooney Rule by Asset Allocators Encourage Greater Diversity Among Investment Managers?

No. Adoption of policies like the Rooney Rule—a requirement to interview at least one woman or person of color candidate for leadership positions by many companies and institutions—has not substantially improved diversity among leadership ranks. Given this reality, we doubt such policies would encourage greater diversity among investment managers. These policies are not created to […]

March 2022

Business Ownership at a Crossroads: Key Questions for Planning What’s Next

Private business owners who hold the majority of their wealth in one company are different from other investors. They face unique challenges when making investment decisions, including the fundamental question of whether to retain a concentrated position in their business. After all, concentrated positions can create wealth, but they also increase portfolio risk. Because of […]

March 2022

Is the Decline in Chinese Equities Justified by Market Fundamentals?

We don’t think so, as the markets are pricing in more severe conditions than we believe are warranted. The MSCI China Index, which tracks Chinese stocks listed in both Hong Kong and the United States, has sold off sharply thus far in March and is down roughly 25% year-to-date, and over 50% from its February […]

March 2022

2021 Diversity, Equity, and Inclusion Report

Cambridge Associates is pleased to share its inaugural Diversity, Equity, and Inclusion Report.  This report articulates our Corporate Social Responsibility to create opportunity and support success in the communities where we work. “We are committed to advancing diversity, equity, and inclusion both in how we invest portfolios and in how we build our community, and […]

March 2022

What Long-Term Investment Implications Should Investors Be Monitoring Related to the War in Ukraine?

As we peer through the fog of war, prospects for a decline in US dollar dominance, durably higher inflation, and persistent heightened geopolitical risk appear on the horizon. However, it can take a long time before ripples either fade out or become waves. And their future path is influenced by their interaction with each other […]

March 2022

Pension Risk Transfers Have Several Downside Risks for US Plan Sponsors

Pension Risk Transfers (PRTs), including the increasingly popular partial annuity purchase, are a set of tools used frequently by US plan sponsors to de-risk their pension plans. These transactions are intended to lower the risk and cost of the plan by shrinking its size. However, in many cases, they may achieve the opposite result. Specifically, […]

March 2022

How Should Investors Alter Portfolios Considering the War in Ukraine?

Thoughtfully, if at all. Russia’s invasion of Ukraine sent shockwaves across the world, creating a tragic humanitarian and geopolitical crisis, and introducing new uncertainty to the global economy and financial markets. The lynchpin to understanding how assets may perform in the coming days and weeks is, of course, knowing the duration of the war and […]

March 2022

Case Study: Complementing a general partner’s investment expertise and network

Shannon MacArthur created her family’s wealth as a general partner (GP) of a venture capital (VC) firm. As she neared the end of her career, she started thinking about a long-term plan for her family’s wealth. CLIENT BRIEF Client: The MacArthur family Source of wealth: General partner at a venture capital firm Situation: Seeking an […]

March 2022