Public Equity Investment Officer - Investments
University of California Office of the President – Oakland, CA
Position Description
The hire for this role will professionally manage the actively managed Public Equity asset class to meet specified investment goals for the benefit of the Institution. This position provides oversight and management of the Public Equity class by creating and monitoring relationships with existing managers, evaluating, and selecting new external managers and creating risk and investment guidelines for internal and external managers.
Responsibilities
50% - Portfolio Construction and Selection/Monitoring of Quantitative and Fundamental Active Managers
- Assist in recommending the public equity portfolio construction, including quantitative and fundamental active strategies.
- Spearhead the recommendation, selection and monitoring of quantitative alpha strategies, fundamental active strategies and quantitative strategies that are non-market cap weighted (such as risk factor approaches).
- Create new quantitative and qualitative active investment strategies with external partners, improving portfolio's risk/return in a cost-efficient manner.
- Conduct independent fundamental research and analysis in the due diligence process to identify and monitor the performance of active fund managers and investments.
- Monitor fundamental research and identify industry trends and market intelligence and communicate the findings of such insights.
- Lead due diligence within the research process on active investments in the current portfolio or under consideration.
- Conduct research and analysis within the due diligence process to identify, evaluate, negotiate and monitor the performance of the active public equity asset class.
- Assist in recommending strategy to manage risk factors across the equity portfolio (regions, sectors, foreign exchange, growth vs value, small/mid/large cap and other equity risk premia).
- Monitor the equity risk factor exposures in Public Equities on a regular basis.
- Work with the Public Equity team and across the broader UC Investments groups to leverage and transfer knowledge of strategic external relationships which inform tactical and risk decisions.
25% - Risk Management
- Assist in recommending strategy to manage risk factors across the equity portfolio (regions, sectors, foreign exchange, growth vs value, small/mid/large cap and other equity risk premia).
- Monitor the equity risk factor exposures in Public Equities on a regular basis.
- Work with the Public Equity team and across the broader UC Investments groups to leverage and transfer knowledge of strategic external relationships which inform tactical and risk decisions.
15% - Other Duties as Assigned
- Provide performance attribution, create presentation materials, provide project management and draft memos and letters.
- Provide additional support to the broader organization and other asset classes.
- Implement and maintain investment strategies across all of the active public equity portfolios. Assure that all aspects of each portfolio are in compliance with the investment policies and guidelines as approved by the Board of Regents and with the standards required by the Chief Investment Officer.
- In partnership with the operations team, develop and oversee the data integrity / monitoring / reporting / transparency process and system for actively managed Public Equities.
- Provide research and analytical support, as needed.
- Lead projects and assignments, as requested.
10% - Quantitative Research
- Implement and develop quantitative models and perform quantitative/statistical research in stock selection, portfolio construction and risk modeling of equity portfolios.
- Help oversee quantitative analysis of equity managers, including separation of alpha and systematic risk factor attribution.
- Regularly lead and conduct investment research on the capital markets, particularly in the equity markets.
Qualifications
Experience
- Five (5) years’ experience in the investment management industry, particularly in public equity.
Education
- Bachelor's degree required. Master's degree and/or CFA preferred.
Travel
- Ability to travel up to 25%.
SPECIAL CONDITIONS
- This position is eligible for a hybrid work arrangement. The selected candidate will be required to work onsite in Oakland, CA at least three days per week. The hire will be a current resident of California or be willing to relocate to California.
Salary And Benefits
Pay scale: $223,000 - $250,000 per year. Full Salary Range: $155,000 - $324,000 per year.
How To Apply
Please be prepared to attach a cover letter and resume with your application.
APPLICATION REVIEW DATE
The first review date for this job is, October 29th, 2024. The position will be open until filled.
CONDITIONS OF EMPLOYMENT
Successful completion of a background check is required for this critical position.
EEO STATEMENT
The University of California, Office of the President, is an Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, age or protected veteran status.
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