Senior Investment Director, PI Specialist
Position Overview Continued
The investment director functions as a bridge between our client-facing and research efforts on private investments. Each investment director is responsible for multiple clients, in addition to being a resource to investment directors with other clients, which requires them to handle several projects at once.
Investment Directors will become part of a team in a practice area, Non Profit Clients or Private Clients, where they will work directly and closely with the owners and/or fiduciaries of the investment assets, which may be the Investment Committee of a Board of Trustees, an institution's Chief Investment Officer, or the principals in a family office. They oversee and participate in all aspects of client projects, which include performing analytical tasks, developing recommendations, supervising investment associates, preparing presentations materials, and making the presentation itself.
•Develop, Implement, and Review Private Investments Programs: Investment Directors structure and implement diversified PI portfolios for clients. They are responsible for working with clients who are initiating a new PI program, as well as with clients who are reviewing or restarting an established program. To assist clients in achieving a diversified PI portfolio, investment directors review the range of PI asset classes and construct the portfolio based on the program's desired risk/reward objectives, evaluate potential and current managers, and develop an appropriate forward investing schedule. On an ongoing basis, they regularly review the portfolio strategy and managers and recommend appropriate changes. Implementing a diversified PI portfolio is a multi-year process, thus Investment Directors must constantly review new managers in the market and monitor existing managers on an ongoing basis. Specific activities also include supervising investment associates, preparing presentation materials, and making presentations to clients.
•Participate in Private Investments Manager Research: Investment Directors also spend a significant amount of their time on manager research. This includes meeting with managers presenting in our offices, visiting managers in their offices (either with or without clients present), attending annual meetings, and attending managers' presentations to clients. In conjunction with the firm's Private Investments Research staff, investment directors contribute to due diligence reports and develop relationships with managers to help identify and access promising investment opportunities.
•Function as an Internal Resource: Finally, Investment Directors serve as a resource to the broader staff on implementing and maintaining private investments programs for the firm's clients. They also leverage internally conducted research to speak with other investment directors and write knowledgeably about the private investments market and managers.
•MBA or CFA strongly preferred.
•10 - 15 years of appropriate knowledge and experience preferred, gained from work in a similar capacity at either a family office, large institutional investor (such as a pension fund or endowment), fund-of-funds, or at a private equity investment firm.
•Demonstrated qualitative and quantitative analytical skills.
•Excellent oral and written communication skills.
•An ability to work independently and in teams.