Managing Director of Investments – Real Assets, E&F

Full Time, Philadelphia, PA, US

10 days ago, Requisition ID: 1074

Founded in 1956 by the Pew family to manage their charitable assets, Glenmede is among the nation's leading investment and wealth management firms. The company oversees $41.6 billion of assets under management (as of 9/30/2023), for high-net-worth individuals, families, family offices, endowment, foundation and institutional clients. Headquartered in Philadelphia, the firm has offices in Delaware, Florida, New Jersey, New York, Ohio, Pittsburgh and Washington, DC. For further information, please visit glenmede.com.

The Endowment and Foundation (E&F) investment team is responsible for over $10 billion in assets: approximately $6 billion for the Pew Charitable Trusts and $4 billion in E&F OCIO portfolios. Private Investments, an integral team within E&F investments, manages approximately $2.5 billion in assets across our E&F and Private Wealth clients. The investment team has decades of experience investing with fund managers across all asset classes, including public equities, fixed income, hedge funds, buyouts, and venture capital. In addition to fund investing, the team also co-invests directly in companies and purchases assets in the secondary market.

This position will operate in a hybrid work environment, requiring 3 days per week in the office. Role will be based out of one of Glenmede’s offices, including Philadelphia, New York, Washington DC, and other regional Glenmede offices, and will be expected to spend time quarterly and as needed in Philadelphia. This position will require the ability and willingness to travel, as needed, up to 50%. Remote-only candidates will be considered.

OVERVIEW:

You would lead Glenmede’s investments in Real Assets. This position reports to the Chief Investment Officer.

RESPONSIBILITIES:

Oversight of Real Assets: Real Assets incorporates Real Estate, Fossil Fuel and Green Energy, Natural Resources, Infrastructure, and Carbon Reduction investments. The role covers both the public and private Real Assets markets globally. Conduct due diligence on prospective opportunities, including analysis of investment strategy, process, organization, portfolio positions, and performance. Monitor and evaluate current portfolio positions, focused on organizational changes, performance, and risks of the invested fund managers. Recommend investment manager hiring, termination, and capital allocation decisions. Prepare and present investment memos to Investment Committee members.
Industry Research: Complete analytical reviews of strategies and asset classes. Stay abreast of market conditions and developments that may affect investment holdings and strategies. Contribute to Glenmede’s thought leadership through published research.
Client Service and Networking: Portray Glenmede and our clients as a desired investor to top-tier investment managers. Support the creation of client presentations and various marketing materials. Assist in the development of new investment products/solutions. Build a strong relationship network among investment funds and peers in a subset of investment verticals.
Pipeline: Source and maintain a robust and creative pipeline of investment opportunities for potential inclusion in portfolios.
Firm Building: Assist in building the team’s reputation for professional excellence and credibility throughout the investment management community. Participate in recruitment, training, mentorship, and leadership of the investment team. Demonstrate by example high levels of ethics, professionalism, and teamwork.

REQUIRED QUALIFICATIONS:

MBA, CFA, or equivalent work experience.
15+ years of relevant experience in an endowment, foundation or pension institution, asset management firm, investment company, bank or equivalent.

PREFERRED QUALIFICATIONS:

Strong quantitative and qualitative problem-solving and research abilities.
Strong verbal and written communication skills, including comfort with public speaking.
Ability to work both independently and within the team and across the organization in a collaborative manner. Ability to network externally.

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Glenmede Investment Management LP jobs

Managing Director of Investments – Real Assets, E&F