Mr Cavalla, CIO of the Cambridge University Endowment Fund, will head to a new challenge with Talisman Global Asset Management as Chief Executive Officer.
Mr Cavalla has made an extraordinary contribution to managing a fund that has grown to £3.2 billion from less than £1 billion and delivered a 10 percent return on an annualised basis over the 10 years he has devoted to the role since joining from Man Global Strategies, where he was Chief Investment Officer.
Vice Chancellor Stephen Toope said: “Nick has done an incredible job in his time with Cambridge University. He has transformed the performance of our investment fund, enabling us to diversify our income in a way that has allowed the University to undertake developments which have greatly benefited our academic mission and our students. I fully understand that after ten years Nick feels the time is right to move on and he goes with our sincere thanks for a job well done. We will miss his huge experience and knowledge, but he leaves behind him an investment fund that has never been in a stronger position to grow and prosper.”
Talisman Global Asset Management is the FCA regulated asset management business owned by the Pears family.
Mr Cavalla said: “After 10 years at the University of Cambridge, it felt like the right time to take on a new challenge, with the endowment in great shape for the future. I am very excited to be joining Talisman Global Asset Management, a high quality investment platform, and look forward to launching a new business for them”.