Investment Managing Director

Cambridge Associates; Boston (MA); On-site; USD 250,000 - 295,000; Full time

Job summary

Cambridge Associates is seeking an experienced Managing Director to lead a private client investment team, overseeing portfolios and client engagement while driving strategy and asset allocation decisions.

The role emphasizes leadership, relationship building with sophisticated clients and outside advisors, and development of the broader investment team across discretionary and non-discretionary approaches.

Qualifications

• BA/BS required; MBA or CFA strongly preferred.
• 12–15 years of investment experience ideally at an investment firm, a large institutional investor, or family office.
• Well-developed network in the family office community.
• Exceptional communication and negotiation skills with clients.

Responsibilities

• Lead investment team in creating and developing diversified portfolios to meet customized client objectives.
• Select and evaluate investment managers for all asset classes.
• Work with and present directly to clients; develop robust relationships with sophisticated clients, GPs, and centers of influence.
• Develop and implement investment objectives, policies, and asset allocations for complex portfolios and trust structures.
• Represent Cambridge Associates externally through marketing presentations, conferences and other business development opportunities.
• Provide mentorship and leadership of the investment team, fostering a culture of excellence, innovation, and continuous improvement

Skills

Investment leadership

Client relationships

Communication skills

Negotiation skills

Education

BA/BS

MBA or CFA

Job description

Cambridge Associates (“CA”) is a leading global investment firm. CA’s goal is to help endowments & foundations, pension plans, and ultra-high net worth private clients implement and manage custom investment portfolios that generate outperformance so that they can maximize their impact on the world. Cambridge Associates delivers a range of services, including outsourced CIO, non-discretionary portfolio management, and investment consulting.

Headquartered in Boston, Massachusetts, CA has offices in key markets in North America, the United Kingdom, Europe, Asia, and Oceania. Our worldwide teams ensure our clients benefit from decades of global presence, local expertise, and relationships with the top global investment managers across the world. For more information, please visit www.cambridgeassociates.com.

Job Description Summary:

POSITION OVERVIEW

We are seeking to hire an experienced investor at the Managing Director level who will work as part of an investment team to manage private client assets, constructing and managing client portfolios, helping to organically identify new commercial opportunities, and communicating timely information to clients. Client portfolios range in size from $100 million to several billion dollars.

Our investment teams function as the non-discretionary or discretionary investment manager for families in multiple jurisdictions throughout the US.

Job Description:

The Managing Director will serve as a senior investment leader on the team, responsible for day-to-day oversight of investment portfolios, team management, and client engagement. Focus areas include leading client relationships (both discretionary and non-discretionary) interacting directly with key decision makers (family members, Board or IC members, Family Office staff and outside advisors), driving investment strategy and asset allocation, investment manager selection and evaluation, risk management, and investment performance monitoring. The Managing Director is also responsible for the management and development of the broader investment team.

In addition to their work with existing clients, the Managing Director will partner with Global Client Solutions to pursue new client relationships. Responsibilities regarding new business development include building referral networks through strong work with existing clients and related outside advisors, partnering with business development professionals to qualify prospective clients, and leading pitches in conjunction with other investment team members.

RESPONSIBILITIES

• Lead investment team in creating and developing diversified portfolios to meet customized client objectives
• Select and evaluate investment managers for all asset classes
• Work with and present directly to clients; develop robust relationships with sophisticated clients, GPs, and centers of influence
• Develop and implement investment objectives, policies, and asset allocations for complex portfolios and trust structures
• Represent Cambridge Associates externally through marketing presentations, conferences and other business development opportunities
• Provide mentorship and leadership of the investment team, fostering a culture of excellence, innovation, and continuous improvement

QUALIFICATIONS

• BA/BS required. An MBA or CFA strongly preferred
• Minimum of 12-15 years of investment experience ideally at an investment firm, a large institutional investor, or family office
• Well-developed network in the family office community
• Exceptional communication and negotiation skills with clients – ability to break down complex concepts, strong presence, careful listening, ability to adapt in the moment to concerns expressed, conviction articulating a path forward
• Deep investment acumen and capital markets experience; skilled at identifying and evaluating managers and building resilient relationships
• Commercially successful in building and retaining books of business

Base salary range for this role:

$250,000 - $295,000

In addition to the listed salary range, this position is eligible for an annual performance-based bonus and a comprehensive, competitive benefits package. Actual placement within the stated salary range will be determined based on factors such as skills, experience, and qualifications, as well as internal equity.

The firm is committed to the concept and practice of equal employment opportunity and will not discriminate against any employee or applicant on the basis of race, color, religion, age, sex, national origin, sexual orientation, gender identity, disability, or veteran status. It is expected that all employees will follow a similar policy toward their co-workers.