Managing Director of Public Markets

The San Francisco Employees Retirement System (SFERS) is dedicated to serving the retirement needs of over 83000 active vested and retired employees of the City and County of San Francisco. Working for SFERS offers a rare opportunity in the institutional investment world. The organization is uniquely positioned with an asset size and team scale that is large enough to command access to premier global investment opportunities yet lean enough to remain agile. This allows for seamless collaboration across asset classes and giving every team member a comprehensive high-level perspective on the total funds strategy.

SFERS is now recruiting its next Managing Director of Public Markets (MD). Reporting to the Chief Executive Officer & Chief Investment Officer the MD is responsible for overseeing public market asset class investing and management for the Trust Fund. The MD leads the Global Public Equities Global Fixed Income and Sustainability and Corporate Governance teams and guides public market investing portfolio construction and risk management. As a senior member of the investment leadership team the MD will be responsible for managing financial policy operational and administrative issues. The MD must be a strong investor who is goal-oriented organized and can carry out a complex role with integrity and clarity. The MD must also demonstrate strong communications skills and the ability to build and maintain collaborative relationships.

Requires a BA/BS degree in a related field and 10 years of investment experience with an investment management firm pension plan university endowment foundation corporation family office or consulting firm. Possession of a graduate degree in related field or possession of the Chartered Financial Analyst (CFA) designation may be substituted for an undergraduate degree in a different field than is required.

Base salary between $289640 and $369668 with incentive compensation potential.

Please apply on-line by May 4 2026 at For questions please contact Sherrill Uyeda at or Wesley Herman at . Main Office: . EEO/ADA.

Required Experience:

Director