We’re excited to share our progress and commitment through the voices of both our DEI leaders and CA colleagues from across the globe who are committed to making Cambridge Associates a great place to work while helping our clients deliver on their values.
—David Druley,
Chief Executive Officer
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—Jasmine Richards, Head of Diverse Manager Research
Our Efforts to Drive Diversity
Hear From David Druley, CEO
Hear from Melinda Wright, Global Head of DEI
“We sit at a wonderful intersection where we get to source and identify diverse managers for our clients’ portfolios and partner with
clients that have incredible missions and are also intentional about driving capital to diverse managers.”
—Carolina Gómez, Director,
Diverse Manager Research
NUMBER OF DIVERSE MANAGERS HELD IN CLIENT PORTFOLIOS
In 2022, we continued
towards the five-year goal of doubling the number of diverse managers our clients invest with by making new commitments to 50 managers, of which 15 were new relationships.
We are very proud to have met the five-year goal we set to double the percentage of assets with diverse managers relative to
our total assets under
advisement at the end
of 2022—three years earlier than targeted.
PERCENT OF ASSETS HELD
WITH DIVERSE MANAGERS
While diverse managers are more prevalent in some asset classes, we continue to invest across the opportunity set, evidenced by the fact that
62% of our clients hold investments with diverse managers across these asset classes.
DIVERSE MANAGERS HELD IN CLIENT PORTFOLIOS,
BY ASSET TYPE
We are committed to being transparent about the data we provide and will continue to expect transparency from the managers with whom we
meet, diligence, and invest.
Race/Ethnicity & Gender Breakdown for Diverse Managers Held in
Client Portfolios
“In 2020, we set a five-year goal to double our investments with diverse managers by the end of 2025. We are very proud to have met that goal at the end of 2022—three years earlier than targeted.”
hOW oUR clients are Driving Change
The Surdna Foundation is a five-generation family foundation located in New York City that for more than 100 years has maintained a tradition of innovative service for those in need of help or opportunity.
In collaboration with Cambridge Associates, a working group composed of Board and staff members embarked on a learning journey to better understand the mission-related investments (MRI) landscape, how best to position their billion-dollar endowment to maximize its impact on the communities they serve, and what tools were available to them.
“We are in pursuit of a just society with inclusive economies, sustainable environments, and thriving cultures. We know it is not possible to achieve our mission without directly addressing structural racism in our society.”
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NUMBER OF DIVERSE MANAGERS HELD IN CLIENT PORTFOLIOS
PERCENT OF ASSETS HELD
WITH DIVERSE MANAGERS
DIVERSE MANAGERS HELD IN CLIENT PORTFOLIOS,
BY ASSET TYPE
Race/Ethnicity & Gender Breakdown for Diverse Managers Held in
Client Portfolios
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Diverse Managers At A Glance
Click on each graph to learn more.
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—Don Chen, President of the
Surdna Foundation
hEAR fROM oUR cOMMUNITY
Click on each employee’s image to learn why they are committed to making Cambridge Associates a great place to work.
“As a global leader in institutional investing, we have a clear DEI leadership responsibility, which benefits our clients,
our colleagues, and the
industry at large.”
—Joe Marenda,
Managing Director,
Digital Assets Research
“Mentoring does so much more than just connect colleagues—there are opportunities for lifelong relationships, skills, and networks that you can build through mentoring for both mentors and mentees. CA’s unique collegial culture provides a truly trusting environment for creating these mentoring relationships.”
—Wilson Chen, Managing Director, Public Equities
employee demographics
Every colleague now has the opportunity to identify individual DEI goals and reflect on their DEI contributions as part of our year-end review process. Click on each graph to learn more.
Today, 31% of our US colleagues
identify as ethnically diverse, up from just 20% in 2015.
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We continue to trend above industry benchmarks in our gender diversity, with women consistently representing more than 40% of our employee base and more than 50% of our executive leadership team.
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view THE full dei report
The number of managers and investments shown includes client-directed investments where Cambridge Associates has not conducted full investment evaluation.
This case study does not imply that the Surdna Foundation endorses Cambridge Associates or the services that we provide.
Charts reflect our full-time regular employee population as of December 31 in the respective year noted. Workforce racial and ethnic identity data reflect our US and UK workforce only. Gender diversity data include our workforce located in the United States, United Kingdom, and Asia-Pacific.
Hear from Jasmine Richards,
Head of Diverse Manager Research
