Cambridge Associates, a Boston-headquartered investment advisor to institutional investors and private clients, is set to open an office in Beijing in mid-2011, the firm said in a statement.
The new office, which is the firm’s third office in Asia after Singapore and Sydney, will be led by Christopher Hunter, currently managing director of the firm’s London office. Hunter has been with Cambridge for 10 years and, according to the statement, has expertise in private equity.
“Asia’s investment landscape is an imperative for most institutional investors at this point, regardless of where they’re located,” Hunter said in the statement. “In fact, nearly every asset class in the region deserves the attention of sophisticated institutional investors.”
According to the statement, the firm is serving a growing number of Asia-based clients including endowments, sovereign wealth funds, government funds, family offices and other institutional investors. The establishment of the new office followed Cambridge’s strengthening of its Singapore office in October last year.
At the time, the firm promoted Chi-Ho Song, a former GIC investment professional, to head its Singapore office, and added Damien Tan and Mark Oshida as consultants. The current head of the Singapore office is Alvin Tay.
Established in 1973, Cambridge provides investment advice and research to more than 800 institutional investors and private clients globally. In Asia, the firm serves clients with assets of under $100 million to over $100 billion, according to the statement.
The firm has approximately1,000 employees across offices in Arlington, Boston, Dallas, Menlo Park, London, Singapore, and Sydney.