Director, Multi-Strategy Research & Portfolio Development

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One of Canadas Most Trusted Investment Brands.

AtPicton Mahoney Asset Management (PICTON Investments)being alternative isnt just what we do its who we are.

Founded by industry pioneer David Picton weve spent 20 years challenging conventional wisdom and redefining the investing landscape. As one of Canadas most trusted investment brands we are proudly independent privately run 100% employee-owned and deeply committed to delivering results for our clients.

Thinking Alternatively is in Our DNA.

With a team of 241 bold thinkers one-third dedicated solely to investment management we are specialists not generalists. Managing $19.3 billion (as of June 30 2026) for institutional and retail clients we navigate markets with conviction resilience and a forward-thinking approach.

Were more than investors were innovators. We challenge traditional investment mindsets constantly pushing the boundaries to achieve our mission: To bring greater certainty to investors.

Our success is built on four guiding principles:

• Treat investors money like our own.
• Redefine the way investors invest.
• Be human always approachable.
• Succeed together one investment at a time.

These arent just words. They define how we think how we invest and how we work.

Now were entering our next chapter. Were transforming our brand and reshaping the way the world invests. If you think alternatively embrace an entrepreneurial spirit and thrive in a dynamic bureaucracy-free environment join us and be part of whats next.

Thriving in Our Entrepreneurial Culture

AtPICTON Investments youll thrive in our creative and dynamic workplace where collaboration and support are at the core of everything we do. At our firm youll have the opportunity to take on significant responsibilities work in a flexible environment and tackle challenging projects from the outset. Our culture is designed for ambitious professionals who want to make an immediate impact while continuing to push boundaries and achieve our greater mission. Youll be empowered with a high level of responsibility trust and flexibility providing an exciting and creative space for you to help reshape how the world views alternative investments. With competitive total rewards performance-based bonuses and a clear path for career growth youll have everything you need to develop both now and over the longer term.

The Opportunity

PICTON Investments is seeking a senior investment professional to lead the identification evaluation and onboarding of new strategies and external managers into our Alpha Portfolio platform. This is a newly created role reflecting the firms growth ambitions and the increasing complexity of our multi-strategy infrastructure.

The successful candidate will serve as the firms primary resource for strategy research and portfolio development assessing new opportunities across the alternative investments landscape evaluating them within a rigorous multi-dimensional framework and determining the optimal structure for deployment. This role sits at the intersection of portfolio management manager due diligence prime brokerage economics and operational implementation.

This is a senior high-impact role requiring a practitioner with direct experience in hedge fund operations. It is not an entry-level or purely analytical position.

Key Responsibilities

1. Strategy Identification & Evaluation

• Source and evaluate new diversifying strategies such as equities (long/short market-neutral pods) fixed income and credit arbitrage volatility macro and commodities.
• Apply a structured evaluation framework assessing standalone performance and portfolio impact to existing funds.
• Develop and maintain a pipeline of prospective strategies and managers with regular reporting to the investment team.

2. External Manager Due Diligence

• Conduct comprehensive investment due diligence on external managers including strategy assessment track record analysis portfolio transparency and risk management evaluation.
• Evaluate potential partnership structures including capacity-sharing arrangements co-investment and managed account agreements.
• Maintain ongoing monitoring of onboarded managers against agreed performance risk and operational benchmarks.

3. Portfolio Construction & Structuring

• Work closely with the operations and prime brokerage teams to evaluate financing costs cross-margin eligibility and capital deployment efficiency for prospective strategies.
• Contribute to portfolio-level construction decisions including allocation sizing leverage considerations and capacity management.

4. Collaboration & Internal Communication

• Partner with the Head of Multi-Strategy portfolio managers and the risk team to ensure new strategies are consistent with portfolio mandates and risk framework.
• Present strategy recommendations clearly and concisely to the investment committee and senior leadership.
• Coordinate with legal compliance and operations teams on manager onboarding contract negotiation and regulatory considerations.

Required Qualifications

• 5-7 years of experience in the alternative investments industry with direct exposure to hedge fund strategies multi-strategy platforms or alternatives manager research.
• Deep understanding of a broad range of hedge fund strategies including equity long/short credit arbitrage and alternative/niche strategies.
• Demonstrated ability to evaluate strategies on a net risk-adjusted basis incorporating fee structures financing costs and structural considerations.
• Strong working knowledge of prime brokerage relationships cross-margining and capital efficiency mechanics.
• Experience with both managed account and commingled fund structures including an understanding of the operational legal and risk trade-offs of each.
• Excellent quantitative and analytical skills; ability to build and interpret models assessing risk/return and portfolio contribution.
• Strong written and verbal communication skills; able to present complex investment ideas clearly to senior stakeholders.
• Masters degree in Finance Economics Mathematics or a related field. CFA designation or equivalent strongly preferred.

Preferred Qualifications

• Prior experience at a multi-strategy hedge fund fund-of-funds or institutional allocator with direct manager selection responsibility.
• Existing relationships within the Canadian and/or global alternative investment manager community.
• Experience negotiating managed account agreements side letters and prime brokerage documentation.
• Familiarity with risk management systems and their limitations in the context of alternative strategy portfolios.

What We Offer

• A senior high-visibility role with direct influence on the strategic direction of PICTON Investments multi-strategy platform.
• Collaborative investment culture with experienced portfolio managers and a commitment to continuous improvement.
• Competitive compensation package commensurate with experience including base salary performance bonus and benefits.
• Opportunity to build and shape a newly created function within one of Canadas leading alternative asset managers.

Our Commitment to Employees

AtPICTON Investments we take pride in enhancing our employees experiences through a comprehensive suite of exceptional perks and programs. Our benefits include corporate fitness reimbursement and discounts VersaFi memberships (formerly Women in Capital Markets) PICTON Investment Counseling and portfolio management services volunteer and charitable donation matching maternity and parental leave top-up recognition awards semi-annual performance bonuses a generous annual vacation entitlement (minimum of 15 days per year) training and development reimbursement extensive health and dental benefits a healthcare spending account and more.

These offerings are designed to support your career growth well-being and overall success. Join us and thrive in an environment that values and invests in you!

PICTON Investmentsis committed to providing an equitable and fair work environment for everyone and all hiring and other personnel actions will be taken without regard to race colour creed religion sex disability gender identity gender expression family status age language or national origin. We welcome applications from candidates with diverse experiences globally. Canadian experience is not required. If you require an accommodation at any point in time throughout the application and hiring process please contact Human Resources at or at.

PICTON Investmentsdoes not accept unsolicited resumes emails calls or any other form of communication from third-party recruitment agencies. Any unsolicited outreach including commercial electronic messages will neither be acknowledged nor considered.

Please note: We use AI-assisted tools to support parts of our recruitment process including summarizing interview notes and aligning candidate profiles with job requirements. All decisions are made by our hiring team.

Required Experience:

Director