Cambridge Associates, the US-based asset consultancy, is to open a Beijing office – its third office in the Asia Pacific region – and is sending a private equity specialist there from London.
The Beijing office, to be run by UK managing director Christopher Hunter from the middle of next year, supplements the established Singapore and Sydney offices.
Sandra Urie (pictured), Cambridge’s chief executive, intends to spend about four months in the first half of next year working out of the Singapore office to help establish the China presence.
She said: “We are serving a growing group of Asia-based clients including endowments, sovereign wealth funds, government funds, family offices and other institutional investors. Another strong on-the-ground presence in the region will not only help us anticipate and serve our Chinese clients’ needs but is also key to the evolution of our research and due diligence activities on behalf of all our clients around the world.”
Cambridge, which is particularly strong in research of alternative asset classes and which has a big share of the endowments advisory market, has recently produced several papers on topics such as Chinese private equity, Asian hedge funds and distressed investing in Asia.