David Druley

6 statements across 1 episodes · 2 bullish · 1 bearish · 1 people on the record · first statement Aug 19, 2019 by David Druley · across every show →

On the record as a speaker too: David Druley's record, appearances and statements → this page counts the times other people say the name.

Everything said about David Druley, oldest first

Aug 19, 2019

Assertion Contradicted

Druley: Cambridge Associates holds up to 60% of endowment advisory market

“So on the endowment and foundation side, as I think probably most of our listeners know today, we have significant market share. In most cases, we're 50, 60% of the market.”

David Druley Aug 19, 2019 ▶ 40:57 David Druley – Structure into Action at Cambridge Associates (Capital Allocators, EP. 106)

Aug 19, 2019

Insight

Druley: Investors should capture at least 65% of a manager's alpha

“We want a fair sharing of the alpha, meaning we think asset owners should get 65 to 75% of the alpha, at least, and that it's fine for the manager to have 20 or 30%.”

David Druley Aug 19, 2019 ▶ 34:38 David Druley – Structure into Action at Cambridge Associates (Capital Allocators, EP. 106)

Aug 19, 2019

Insight

Druley: Portfolio risk tolerance is bounded by the client's time horizon

“That said, I will say one of the main lessons I learned from that time is that your risk tolerance has to be the lesser of my risk tolerance in time horizon or the asset owners.”

David Druley Aug 19, 2019 ▶ 7:41 David Druley – Structure into Action at Cambridge Associates (Capital Allocators, EP. 106)

Aug 19, 2019 positive

Disclosure

Druley: Cambridge Associates does not sell proprietary investment products

“And to this day, we still have no product, which is still important to me, and it's important to my colleagues.”

David Druley Aug 19, 2019 ▶ 12:29 David Druley – Structure into Action at Cambridge Associates (Capital Allocators, EP. 106)

Aug 19, 2019 positive

Insight

Druley: Investment edge today is decision-making and synthesis, not information access

“It's not so much what information you get. It's how you synthesize that information and how you make decisions. It's the edge today.”

David Druley Aug 19, 2019 ▶ 40:32 David Druley – Structure into Action at Cambridge Associates (Capital Allocators, EP. 106)

Aug 19, 2019 bearish

Opinion

Druley: Only 100 to 200 hedge funds merit institutional capital

“What I would say is hedge funds is an asset class not worth the money. That said, there's seven, 8000 hedge funds. We think there's a hundred to 200 that actually do merit institutional capital and continue to merit institutional capital.”

David Druley Aug 19, 2019 ▶ 34:16 David Druley – Structure into Action at Cambridge Associates (Capital Allocators, EP. 106)

David Druley

Everything said about David Druley, oldest first

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