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Cambridge Associates Takes Steps to Increase Institutional Investors' Ability to Assess Risk Profiles of Hedge Fund Portfolios
Cambridge Associates Consultants Can Now Use Reports With Additional Information on Underlying Holdings of Hedge Funds, via Transparency Collaboration With Measurisk
| Source: Cambridge Associates
BOSTON, MA--(Marketwire - November 13, 2009) - Cambridge Associates LLC, provider of
independent investment advice and research to institutional investors and
private clients, has taken steps to increase its consultants', and
therefore its clients', resources for assessing risk profiles of hedge fund
portfolios.
Consultants at Cambridge Associates now have access to customized reports
that provide a new level of information about underlying holdings of
selected hedge funds. The information includes the funds' exposure to
industry sectors and geographic areas and the percentage of long and short
positions. The reports are the result of a Cambridge Associates
collaboration with Measurisk, LLC, an affiliate of J.P. Morgan
Worldwide Securities Services that serves as an independent intermediary
facilitating information flow between hedge funds and investors.
"We are working to promote increased transparency on behalf of our
endowment, foundation, pension fund and family office clients so that we
are able to monitor and manage portfolio risk more closely," said David
Shukis, Director of Hedge Fund Consulting at Cambridge Associates. "A key
step is helping them gain a better understanding of their hedge fund
portfolios' underlying holdings."
"We understand that hedge fund managers' competitive advantage often hinges
on proprietary positions, but we believe strongly in a delicate balance
that respects those strategies and also gives institutions the information
they need to manage portfolio risk. The reports we're making available to
our consultants via our Measurisk relationship move us closer to that
balance," he added.
Cambridge Associates has been working with Measurisk for over two years and
has recently expanded the relationship to involve insight into more
managers' underlying holdings and create additional transparency tools.
About Cambridge Associates
Founded in 1973, Cambridge Associates delivers a range of services,
including investment consulting, outsourced portfolio solutions,
independent research, and performance monitoring and tools across all asset
classes, to approximately 850 institutional and private clients worldwide.
The firm has advised clients on alternative assets since the 1970s and
compiles the performance results for more than 2,000 private partnerships
to publish the Cambridge Associates U.S. Venture Capital Index® and
Cambridge Associates U.S. Private Equity Index®, which are widely
considered to be the industry-standard benchmark statistics for those asset
classes. In total, the firm has over 950 employees serving its client base
globally and maintains offices in Arlington, VA; Boston; Dallas; Menlo
Park, CA; London; Singapore, and Sydney, Australia. For more information
about Cambridge Associates, please visit www.cambridgeassociates.com.
About Measurisk LLC
Measurisk LLC, an affiliate of J.P. Morgan's Worldwide Securities Services,
is the leading provider of independent risk transparency and risk
measurement solutions for institutional investors and asset managers.
Measurisk empowers pension plans, endowments and foundations, family
offices, insurance companies, hedge funds and funds of hedge funds to
assess, control and communicate risk for global, multi-asset class
portfolios. Measurisk service includes market and security data collection,
management and storage of position level data that is received directly
from custodians, prime brokers and administrators, and access to a team of
analysts for support and analytics insight.