Aug 19, 2019
David Druley is the CEO of
Cambridge Associates, a global investment firm that works with
premier institutional investors and family offices to manage custom
investment portfolios that aim to generate outperformance so they
can maximize their impact on the world. David works with
Cambridge’s leaders to set and execute the firm’s strategy, enhance
its capabilities, and evolve its processes. David brings a
quarter-century of investment experience to the role, including a
16-year tenure at Cambridge.
Our conversation covers David’s path from value investing to
Cambridge Associates, including a key early career lesson in
calibrating risk tolerance. We discuss the history of Cambridge
Associates, key characteristics of generating great investment
returns, the manager selection process, and David’s take on
co-investments, long-only managers, hedge funds, fixed income,
innovation, and future opportunities and challenges for the
business.
The discussion offers a nice compliment to my earlier conversation
with Margaret Chen, who oversees Cambridge Associates’ OCIO
business. You can find that conversation replayed right after
this one on the feed.
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