Cambridge Associates 2023 DEI Report 2023 Diversity, Equity, and Inclusion (DEI) Report

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Why mentorship matters

As an investor at Cambridge Associates, my goal is to deliver excellent returns for our clients by building best-in-class risk-adjusted portfolios. By intentionally seeking out diverse perspectives and talents, we are aiming to increase the breadth of high-conviction investment opportunities for our portfolios with an eye towards better returns. —Jasmine Richards, Head of Diverse Manager Research

Diverse managers as a source of talent and opportunity

“One of my greatest mentorship experiences gave me insight into how best to develop as a professional, colleague, and friend. The mentor also helped me discover paths to reach my full potential in my work, personal life, and community-related passions.” —Alex MacDonald, Senior Business Development Associate

Employee diversity by the numbers

The number of managers and investments shown includes client-directed investments where Cambridge Associates has not conducted full investment evaluation. Data as of December 31, 2023. We define diverse managers as firms that are a minimum 33% owned by women and underrepresented people of color. Note that in the Race/Ethnicity and Gender Breakdown, categories total to greater than 100% as some managers are counted in multiple categories.

Reflects full-time regular employees as of December 31, 2023. Workforce racial and ethnic identity data are gathered routinely, compliant with jurisdictional employment law. Such data are not available by law in some countries in which we are located. For this reason, this chart reflects our US and UK workforce only. Gender diversity represents US, UK, and Asia. We recognize that race, ethnicity, and gender represent partial measures of diversity within our community.

Our firmwide mentorship program, CA Ignite, connects colleagues across offices and functions, expanding networks and actively developing leadership and other skills.

“I have learned a lot about building authentic relationships from my mentor. Working with him in the Singapore office, I truly admire how he continues to invest in people he has crossed paths with, both today and in the past.” —Benjamin Chong, APAC Lead for the Portfolio Implementation Management group

Insights from Jasmine Richards

Number of diverse managers held in client portfolios

Percent of assets held with diverse managers

Diverse managers held in client portfolios, by asset type

Diverse managers held in client portfolios, by race/ethnicity and gender breakdown, based on AUA/AUM

Our 2023 milestones

Received industry recognition for gender leadership

Established new gender transition and affirmation policy

Launched CAregiver Corner for employees

Recognized for equity in the workplace

Created opportunity for global connections

Helped shape tomorrow's industry leaders

This is just a small representation of the work we did in 2023 to foster diversity, equity, and inclusion within our own community and in the industry at large. Tap on each image to learn more.

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We were the 2023 recipient of the 100 Women in Finance Industry DEI Award for the Americas, which recognizes organizations that are shaping and advancing the role of women in the finance industry.

We adopted a new policy supporting employees who have undergone or are undergoing a gender transition, as well as those who identify as any other gender identity that is neither female nor male.

We launched CAregiver Corner, a centralized resource of support and connection for employees which includes benefits resources, communities organized by life stage, and expert support for colleagues.

We formally launched CA Ignite, a firm-wide mentoring program that matches mentors and mentees across the globe for a structured six-month mentoring curriculum.

Our firm received the Equality 100 Award from the Human Rights Campaign for the third time in three years. We were also recognized by Stonewall UK as a Top Global Employer for LGBTQ+ Equality.

We hosted several programs for college students, many of which revolved around teaching HBCU students and underrepresented groups about private investments, investment management, and our firm.

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Insights from Jasmine Richards

This is just a small representation of the work we did in 2023 to foster diversity, equity, and inclusion within our own community and in the industry at large. Hover over each image to learn more.