Senior Associate, Hedge Fund Manager Research

The Capital Markets and Factor Investing Department (CMF) invests assets globally in public equities fixed income securities currencies commodities and derivatives and manages the engagement of investment managers and co-investments in public market securities. We are currently recruiting for a Senior Associate within the External Portfolio Management (EPM) team. The role is based in Toronto.

EPM is a group within CMF responsible for allocating capital to external managers in public markets across all trading styles asset classes and geographies. EPM oversees a portfolio of externally managed funds and separate accounts and has relationships with over 60 of the worlds top hedge fund managers. EPM forms long term partnerships irrespective of whether the underlying fund strategy is short- or long-term in nature. The group also makes co-investments alongside external managers.

Reporting to the Managing Director the Senior Associate will play a critical role in researching monitoring and managing EPMs hedge fund partnerships within Fundamental Strategies (Equities and Credit). The Senior Associate will also support EPMs co-investment activities by leading investment due diligence and ongoing monitoring of the existing portfolio. The Senior Associate will be responsible for preparing investment recommendation materials for new opportunities and proactively tracking developments within the portfolio ensuring the team is informed of major changes and emerging trends. As part of the broader EPM team the role will also contribute to assessing and monitoring the hedge fund manager landscape including reviewing investment proposals across a wide range of strategies and styles.

Accountabilities:

A) Lead monitoring and management of the existing hedge fund and co-investment portfolio within Fundamental Strategies

• Partner with Portfolio Managers and Managing Directors to support the day-to-day monitoring of existing investments including leading regular update calls preparing portfolio review materials and tracking relevant market developments.
• Maintain and enhance tracking tools and processes to ensure robust efficient and accurate portfolio monitoring capturing relevant data and safeguarding data integrity.
• Collaborate with Portfolio Managers and EPMs Portfolio Construction & Risk colleagues to proactively communicate real-time updates on performance exposures and risk metrics to stakeholders.

B) Analyse new investment opportunities and support the preparation of investment recommendations

• Maintain a structured peer group monitoring process to ensure a deep understanding of the Equity and Credit hedge fund universe identifying the highest-quality managers and opportunities.
• Analyse hedge fund and co-investment opportunities alongside Portfolio Managers; develop independent views and lead due diligence on prospective investments.
• Draft clear well-structured investment recommendation materials with input from Portfolio Managers.
• Work with Portfolio Construction & Risk colleagues to share all relevant information on potential investments.
• Support execution of the investment approval and implementation process liaising with internal stakeholders (e.g. Legal Tax Operations).
• Proactively research global equity and credit market themes; contribute to idea generation discussions and formulate independent investment views.

C) Build and manage relationships with leading external fund managers

• Participate in meetings and calls with current and prospective external partners; prepare agendas and share meeting notes.
• Liaise with external managers to gather information required for both assessing new opportunities and monitoring existing investments.
• Effectively distill and communicate key insights to Portfolio Managers and the broader EPM team.

D) Actively contribute to EPM investment and portfolio discussions

• Engage in Investment Committee discussions on funds co-investments and emerging managers across strategies and the broader hedge fund portfolio.
• Contribute to quarterly portfolio review processes for the EPM portfolio.
• Participate in broader EPM initiatives training programs and cross-team activities.

Qualifications :

• Undergraduate and/or Masters degree in a finance-oriented discipline (e.g. Business Economics Mathematical Finance Financial Engineering).
• 510 years of relevant experience in equity research investment banking investment management or consulting; prior experience in hedge funds or fund-of-funds is an asset.
• Comprehensive understanding of equity and credit markets and their key value drivers.
• Proven experience leading all aspects of investment due diligence including financial modelling valuation legal negotiations and operational execution.
• Strong ability to manage multiple priorities and work effectively with internal and external stakeholders.
• Exceptional attention to detail with the ability to produce high-quality written work and quantitative analysis.
• Strong communication and presentation skills with the ability to draft clear well-structured memos and convey ideas effectively both verbally and in writing.
• Team player who enjoys a high-performance collaborative culture and develops junior team members.
• Positive attitude with a continuous learning mindset.
• Proficiency in MS Office (Word Excel Outlook PowerPoint) and Bloomberg.
• Experience with Tableau Python or other programming languages is an asset though not required.
• Embodies CPP Investments Guiding Principles: Integrity Partnership and High Performance.

Additional Information :

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At CPP Investments we are committed to diversity and equitable access to employment opportunities based on ability.

We thank all applicants for their interest but will only contact candidates selected to advance in the hiring process. 

Our Commitment to Inclusion and Diversity:

In addition to being dedicated to building a workforce that reflects diverse talent we are committed to fostering an inclusive and accessible experience. If you require an accommodation for any part of the recruitment process (including alternate formats of materials accessible meeting rooms etc.) please let us know and we will work with you to meet your needs.

Disclaimer:

CPP Investments does not accept resumes from employment placement agencies head-hunters or recruitment suppliers that are not in a formal contractual arrangement with us. Our recruitment supplier arrangements are restricted to specific hiring needs and do not include this or other web-site job postings. Any resume or other information received from a supplier not approved by CPP Investments to provide resumes to this posting or web-site will be considered unsolicited and will not be considered.  CPP Investments will not pay any referral placement or other fee for the supply of such unsolicited resumes or information.

Remote Work :

No

Employment Type :

Full-time