Position

Associate Director - Hedge Funds

Job Description

UTIMCO’s hedge fund portfolio has more than $10 billion invested with external hedge fund managers.  We are currently looking for a highly-motivated investment professional to join our 7-person hedge fund team.  The Associate Director will be responsible for monitoring current relationships, sourcing and evaluating potential investment opportunities, and executing projects to help monitor managers and the portfolio. 

Broad responsibilities include:

  • Manage relationships via monitoring individual manager performance and risk on a regular basis, building strong relationships with each manager, and conducting periodic due diligence updates and on-site visits with key investment and operations personnel
  • Source and assess new investment opportunities by establishing trusted industry contacts, holding meetings with prospective funds, and performing initial qualitative and quantitative analysis
  • Lead comprehensive due diligence process for evaluating prospective mangers and co-investment opportunities (including in-depth analysis of investment strategy, performance and risk analysis, manager strengths and weaknesses, risk management, operations, reference checks, evaluation of service providers, and thorough review of relevant legal documents with input from legal counsel)
  • Lead negotiation of investment terms with new and existing managers by working with legal counsel
  • Mentor Analysts and Interns to prepare reports and presentations internally and to the Board
  • Collaborate with areas of the firm including equities, fixed income, real assets, sector subject matter experts, and private markets
  • Maintain current knowledge of markets by monitoring current financial publications, as well as leveraging personal contacts with outside research/industry professionals and conducting ad hoc research as necessary
  • Communicate effectively with other team members and UTIMCO staff, and promote a true team atmosphere

Requirements

  • 7-9 years of professional experience in investment-related field
  • 4+ years allocating to and evaluating hedge funds
  • Degree in finance or accounting from a reputable institution
  • Unquestioned honesty, integrity, and transparency
  • Exceptional quantitative skills to evaluate fund and portfolio performance and risk
  • Cultural fit is a must in a respectful, collegial, and collaborative environment
  • Well-versed in Microsoft Excel and in financial applications (e.g. Bloomberg, Factset)
  • Represent UTIMCO in the marketplace with the highest professionalism
  • Superior commercial judgment, a track record of success, and intellectual curiosity
  • Strong analytical, problem solving, communication, writing, presentation and organizational skills are essential to success in this role
  • Domestic and international travel
  • Constructive and team-oriented attitude committed to consistently doing what is best for the organization

Preferred Qualifications

  • CFA and/or MBA
  • Investment banking, investment management, research/trading, and/or corporate finance experience is preferred
  • Specific expertise in relative value, equity market neutral, statistical arbitrage, alternative risk premia, and insurance-linked strategies.