Cambridge Associates was formed in 1973 to provide investment services to a group of major university endowments in the United States. The firm grew out of a project undertaken for Harvard University by our two founders, James Bailey and Hunter Lewis, both undergraduate students at the time, who were asked to conduct a comprehensive review of Harvard’s approach to the investment of its endowment. Upon completion of the project, Jim and Hunter were hired by 11 other major university endowments to provide asset class research and recommendations based on their initial findings. We are proud to say that today, more than 40 years later, these 12 institutions continue to be clients of the firm.
Today, we provide investment management, financial planning and proprietary capital markets research to over 1,000 clients across 4 continents and 36 countries, including colleges and universities endowments, foundations, medical institutions, museums, other endowed nonprofit institutions, families, pension funds, insurance companies, and sovereign wealth funds. The firm advises on assets in all asset categories, including equities, bonds, non-US investments, real estate, venture capital, hedge funds, leveraged buyout funds, oil and gas partnerships, and many other types of investments. In China, we work with some of the country’s largest and most sophisticated investors and have been continuing to grow our client base here.
Cambridge Associates has a staff of more than 1,300 professionals, including 200 Investment Directors and 150 Investment Associates in our Global Investment Services department, based in nine offices located in Arlington, Beijing, Boston, Dallas, London, Menlo Park, San Francisco, Singapore and Sydney. We select our employees with great attention to realize their potential in becoming valuable members of a collegial, intelligent and hard-working team. Due to continued growth, we are currently seeking to add a full-time Investment Associate in our Beijing office. We are currently recruiting for individuals who are either recent graduates or with up to 2 years of work experience.
Investment Analysts (IAs) work closely with members of the investment staff in providing investment and capital markets research, analysis, and advice to our clients. Responsibilities include gathering and analyzing historical asset allocation, spending, and performance data; evaluating financial histories; analyzing investment managers’ portfolios; preparing exhibits and other presentation documentation; and answering client questions and requests. IAs often attend client and investment manager meetings.
Each IA is responsible for a number of different clients and handles several projects at once. Every IA is responsible for arranging his or her schedule and priorities in order to meet deadlines; however, there is a strong tradition of teamwork and cooperation among members of the investment associate staff to help manage the workload. Although the position involves quantitative analysis, there is also a strong qualitative component as IAs work to describe market conditions and relay investment recommendations to clients in written reports.
In order to better understand the IA position, the following list provides examples of the type of activities undertaken by an IA on a daily basis. Obviously, this is not an exhaustive list and as an IA progresses up the learning curve, more opportunities and detailed projects will present themselves:
• Conduct quantitative and qualitative analyses within client teams to develop recommendations for institutional portfolios;
• Analyze and graphically illustrate the effects of investment returns, spending, and inflation on the value of an endowment;
• Use quantitative models to examine the risk-return relationship of various asset classes;
• Meet with investment directors to outline the analyses and presentation materials required for upcoming clients’ investment committee meetings;
• Analyze portfolio managers’ equity, fixed income, hedge or private equity portfolios; prepare written summaries of investments results; evaluate investment managers qualitatively and quantitatively and analyze their function within client portfolios;
• Gather exhibits for use in the final meeting materials by using several in-house databases; coordinate the creation of these meeting materials with the investment, administrative and production staff;
• Interact with clients and investment managers to complete requests; attend investment manager presentations or local client meetings;
• Assist peers with projects when workload permits and attend IA team meetings to discuss operational issues.
Given the stage of development of our Beijing office, the scope of work for an IA here may be broader than the typical IA role in our other offices as described above, and potentially an expedited career development. Other activities an IA may perform here include conducting desktop research for business development efforts, preparing presentation materials for marketing meetings and attending these meetings if appropriate, participating in investment manager meetings or due diligence projects and producing written reports afterwards, and so on. Flexibility with regards to daily activities is an important consideration.
Why Choose Cambridge Associates?
Cambridge Associates will provide you with immediate exposure to unmatched coverage of the investment world, as well as a chance to work alongside knowledgeable finance professionals with diverse investment backgrounds. The firm’s global resources will give you unrivalled exposure to the capital markets, savvy investment directors, some of the most prestigious investment managers in and outside China, and many of the world’s most sophisticated institutional and high net worth investors.
A distinctive quality of the Cambridge Associates working environment is the dedication of its investment professionals to acting as a resource for their colleagues, and in turn increasing the knowledge base of the entire firm. We offer an environment where our employees can thrive in a non-hierarchical structure. Moreover, we are a truly global firm with all of our global offices well-integrated into each other, which often results in opportunities for IAs to work on cross-office teams and projects and therefore gain global perspectives and exposure.
At the Beijing office, IAs sit ten feet away from the Investment Directors and constantly benefit from their expertise in various asset classes and from their mentorship that helps IAs grow as professionals. Opportunities to interact with international offices are also abundant either through client projects or through IA self-organized teams. Since the Beijing office is younger than the firm’s other offices, IAs may take a leadership role on various fronts under the guidance of Investment Directors.
• Bachelor's or Master’s degree (any major) with a record of high academic achievement from a reputable university in China or overseas
• Broad knowledge base in finance and a passion for investments
• An ability to work independently and as part of a team
• Solid quantitative skills
• Strong writing, communication, organizational, and time management skills are essential
• Proficient in Microsoft Word, Excel, and PowerPoint
• Excellent oral and written English communication skills
• Must be based in China and eligible to work in China without sponsorship
Please include a cover letter for consideration.
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Cambridge Associates is an equal opportunity employer. Diversity and inclusion are essential elements of our culture. We are committed to fostering an environment where individual perspectives, backgrounds, and life experiences make the firm a great place to work, and result in a more satisfying client experience.