The Investment Manager contributes to the investment activities of the University of Richmond’s Endowment and other non-profit organizations invested in The Richmond Fund, LP. The combined assets under management are valued in excess of $4.5 billion and are highly diversified, including both traditional and alternative strategies.
The Investment Manager will be an integral part of the investment team, participating in all aspects of the investment process from initial screening and due diligence, through approval, to post-investment monitoring and reporting. This individual will help to evaluate opportunities across asset classes, including public markets (public equity, fixed income, and hedge funds), private equity (buyout and venture capital), and real assets (natural resources and real estate). The Investment Manager will be involved in asset allocation and manager selection decisions across Spider Management Company’s portfolio. The Investment Manager will assist in the entire manager due diligence process – detailed and thorough manager research, portfolio analysis, performance analysis, and manager meetings. This individual will work closely with all members of the team, including senior-level asset class directors, investment analysts, and members of the Operations and Investor Relations teams.
RESPONSIBILITIES:
Key responsibilities include:
Research and Analysis
- Identifies and evaluates new investment opportunities through conducting due diligence meetings with potential managers, performing quantitative analyses, completing reference calls, and preparing written investment memos.
- Contributes to portfolio management decisions by monitoring the global economic and market environment and researching potential long-term, thematic investment opportunities across asset classes.
- Analyzes financial information of current and prospective investment funds. (
- Performs quantitative analyses of the portfolio, individual asset classes, and current managers.
- Reviews key terms within legal documents of prospective investment funds.
- Performs industry research and works with internal and external systems to assist in monitoring the existing investment portfolio and assessing new opportunities.
Monitoring
- Performs ongoing review and analyses of current managers on a regular basis (monthly or quarterly).
- Leads external manager interactions including attending annual meetings, manager due diligence meetings, and conference calls.
- Develops and produces reports to monitor the overall portfolio allocation, performance, and exposure.
Reporting
- Assists in preparing quarterly reports, board meeting materials, client presentations and special projects.
- Assists in preparing investment memos recommending changes to the portfolio.
Other Responsibilities
- Participates in meetings with Spider’s external partners, as needed.
- Provides training and mentorship to more junior professionals.
- Other projects as requested
QUALIFICATIONS:
Required Knowledge, Skills & Ability:
- Demonstrated knowledge of financial theory and portfolio analytics
- Strong computer-based financial and valuation modeling skills
- Sound understanding of a wide variety of financial instruments
- Strong quantitative and analytical skills
- Knowledge of financial systems (Bloomberg) and proficiency with Microsoft Office suite of products (Excel, Word, PowerPoint)
- Analytical thinking and problem-solving skills
- Able to work both independently with minimal direction and collaboratively on a team
- Ability to work on concurrent projects and prioritize accordingly
- Demonstrates initiative
- Strong written and verbal communication skills
- Strong organizational skills and attention to detail
- Ability to meet challenging deadlines while maintaining a high degree of quality and accuracy
- Project management skills
Preferred Knowledge, Skills & Ability:
- Interest and commitment to not-for-profit investment management
- Experience training and mentoring more junior professionals
- Strong presentation skills and ability to meet with current or prospective clients
Exceptional personal qualities including:
- Unquestioned integrity and the highest ethical standards
- Imagination and creativity
- A team orientation and collegial style
- Foresight and pragmatism
- A commitment to a culture of excellence and client service
- Outstanding communication skills and a diplomatic interpersonal manner, confident personal style and humility
EDUCATION & EXPERIENCE:
- Bachelor’s degree with concentration in Finance/Business Administration, Economics, or in a quantitative discipline
- CFA Charter holder or MBA, preferred
- 5-8 years of relevant work experience in the investment industry (asset management, investment banking, corporate finance, public markets, private equity), preferred.
- Experience as an allocator with an endowment, foundation, family office, OCIO, investment management firm, or fund of funds, preferred.
WORK HOURS:
- Full-time, exempt position
- Monday – Friday, 8:30 a.m. – 5:00 p.m.; 7.75 hrs./day; 38.75 hrs./week
- Travel required (approximately 25% of time)
IF interested, please apply here.
