Description

INVESTMENT ASSOCIATE, PUBLIC MARKETS

Family Office ● Manager Selection ● Investment Due Diligence ● Public Markets Funds ● Hedge Funds ● Fund Investment ● Fund-of-Funds

Our client is the newly-formed family office of a prominent Middle Eastern family. The office is based in London and responsible for a multi-asset, 'endowment style' portfolio.

The investment office will manage a multi-asset portfolio, investing through funds across public and private markets. The investment office will be allocating to non-correlated hedge funds, highly active long-only equity and specialist credit funds, together with some passive exposures. The investment office works closely with an external Investment Advisory Committee made up of experienced investment professionals who have specialist expertise in a variety of areas. Investment decisions are taken by an independent Board rather than by family members.

PUBLIC MARKETS PROGRAMME

The public markets portfolio encompasses listed equities, credit, fixed income (investment grade), and hedge funds. A large portion of this is represented by a core of passive investments. The proposed portfolio structure combines passive exposures with allocations to a limited number of high quality and highly active managers.

THE ROLE

The family office is committed to a programme of continued professionalisation of their investment vehicle. The investment office is seeking an Investment Associate to report to the new Head of Public Markets and to help them build a public markets investment portfolio. This is a rare opportunity to shape a public markets portfolio for a sophisticated family office with a long-term outlook and significant capital to deploy.

KEY RESPONSIBILITIES

This individual will build on prior investment experience, preferably focused on the sourcing and selection of new public market funds. They will support the Head of Public Markets in conducting in-depth manager research with a high degree of accuracy, efficiency.

1. Fund Sourcing & Due Diligence:
2. Assist with sourcing, evaluating, and selecting public markets funds, focusing on non-correlated hedge funds, highly active long-only equity funds, and specialist credit funds (with potential to extend remit to private credit funds).
3. Assist with building and maintaining a pipeline of high-quality managers in these areas.
4. Draft investment diligence reports when proposing new funds, together with ongoing monitoring reports.

2. Collaboration:

1. Work closely with the Head of Public Markets, whilst liaising with other members of the investment team who cover other asset classes.
2. Prepare investment proposal materials for Investment Advisory Committee and Board.

3. Network Building:

1. Develop and expand a peer network of allocators and fund managers globally.

4. Market Intelligence:

1. Contribute to asset allocation within public markets by highlighting market intelligence gleaned from underlying fund managers, as well as conducting relevant market analysis.

5. Portfolio Analysis & Management:

1. Assist with the analysis and management of the portfolio, supporting tactical and strategic allocation decisions.

CANDIDATE PROFILE & ATTRIBUTES:

This individual will bring a minimum of 2 years of investment experience, preferably focused on the sourcing and selection of new public market funds.

The core attributes/experience required of the successful candidate:

1. Experience:
2. Ideally 2-6 years of investment experience at respected institutional platforms, ideally focused on allocating to hedge funds and other public markets funds, at respected institutions (e.g. family office, endowment, pension or fund-of-funds).
3. Prior knowledge of the hedge fund universe is an advantage.

2. Skills:

1. Ability to write incisive, analytical, and detailed investment due diligence papers.
2. Demonstrates strong quantitative skills, including analysis of manager returns and risk exposures.
3. Advanced Excel capability, including data manipulation and modelling.
4. Experience using Bloomberg for data extraction and portfolio analysis.
5. Familiarity with AI tools is a strong advantage.

3. Personal Characteristics:

1. Highly motivated to help build a top-performing public markets programme.
2. Strong analytical and relationship-building skills.
3. Excellent written and verbal communication skills.
4. Presentable and credible when dealing with senior individuals.
5. Team player.
6. Attention to detail.

4. Qualifications:

1. Highly intelligent and numerate, with relevant qualifications and strong academic credentials. Undergraduate degree with a strong track record of academic achievement preferred.
2. CFA or equivalent is a strong advantage.

LOCATION

The role requires 4-5 days in the London office per week with occasional travel to meet managers and industry peers.

Please note that due to the high volume of applicants responding to our adverts we are regrettably not able to feedback on all applications; only successful candidates will be contacted.