Portfolio Manager, Global Sector Portfolio

Madison, Wisconsin
Jul 10, 2018
Aug 09, 2018
Industry Sector
Employment Type
Full Time


Make a Difference

SWIB enables forward thinking professionals opportunities to grow, develop and build excellence with a global investor making a difference in the lives of Wisconsin public employees.   With more than $117 billion in total assets, SWIB is one of the world's largest institutional investors. As an independent state agency, SWIB is responsible for managing assets of the Wisconsin Retirement System (WRS) in addition to six separately managed funds. SWIB generates returns for more than 622,000 participants.  SWIB has long been considered an investment industry leader because of its ability to grow and protect the WRS assets that its constituents count on for a more secure financial future.  

Be a World Class Leader

The WRS is nearly 100 percent funded, making it one of the country’s best funded public employee retirement systems. It is the 9th largest public pension fund in the U.S. and 25th largest public or pension fund in the world. SWIB’s performance for the WRS beat the one -, five- and ten-year benchmarks as of Dec. 31, 2017. As an innovative organization SWIB is committed to professional development. Approximately 50 percent of SWIB’s investment professionals are Chartered Financial Analyst (CFA) charterholders.  

About the Team

The Public Equities division consists of 26 people that run approximately $11 billion in AUM for SWIB.   The division currently produces two portfolios – a small cap domestic portfolio and a large-cap global portfolio.   The small cap portfolio is run as a single product, while the global portfolio is run as a collection of sector “sleeves” with 1-3 person teams creating active portfolios for each of the 11 GICS sectors.    All portfolios are driven by stock selection processes that are grounded in a fundamental assessment of the underlying business model’s risks and opportunities overlaid with an appropriate valuation framework.   Investment professionals interact with outside analysts and experts, meet with management teams, attend conferences and sometimes do site visits as part of our analytical process.  Our portfolio construction process blends these insights with risk and alpha factor sensitivities to create portfolios that produce alpha in a consistent risk efficient manner over time.     SWIB is seeking an experienced portfolio manager in its Public Equities division to lead the agency’s large-cap global technology sector portfolio while also conducting research within the sector.  Technology sector experience is preferred, but the team is open to experienced portfolio managers that have not been focused on this sector.  The incumbent will actively management a portfolio to achieve above benchmark investment returns while managing risk within stated guidelines.  

Essential Activities:

Articulate and implement an investment process to generate alpha vs. a benchmark, including stock selection methodology, additional alpha drivers, portfolio construction approach and risk management techniques Utilize this investment process to actively manage a large-cap global sector portfolio in compliance with established SWIB investment guidelines and policies Directly perform fundamental business model assessment and valuation analysis of individual securities as part of a stock selection process Effectively manage the risk parameters of the portfolio to meet SWIB’s tracking error and risk profile expectations Evaluate performance attribution reports and risk reports Provide written and oral updates on the portfolio’s performance, risk profile, and current positioning Manage and mentor an analyst that will assist in managing the sector portfolio

The Ideal Candidate:

At least 10 years of experience in public equities research/portfolio management Bachelor’s degree required; Master’s degree and CFA strongly preferred A clearly articulated investment process that has produced excess returns vs. a benchmark Familiarity with multi-factor risk models (Barra, etc.) is preferred Experience with global public markets is ideal but not required Technology sector experience is a plus but not required Supervisory experience preferred but not required Excellent verbal and written communication skills An ability to be adaptive and thrive in a fast-paced, changing environment Superb work ethic, attention to detail, team orientation, and commitment to excellence

SWIB Offers:

Competitive McLagan-median base salary Meaningful performance-based incentive compensation A comprehensive benefit package Educational and training opportunities Tuition reimbursement Challenging work in a professional environment

The position requires U.S. work authorization and residency in, or willingness to relocate to, the Madison, Wisconsin area. SWIB is prepared to offer relocation assistance as needed.  


Home to Top Talent

SWIB’s professionals shape sophisticated investment management strategies, drive forward looking technologies and deliver strong internal asset management. SWIB’s internal team invests approximately 62 percent of its assets under management. As a result, Institutional Investor recognizes SWIB as “home to top talent in American public investing.”  


“The organization has earned a reputation for investment excellence in part by running much of its portfolio successfully in-house versus outsourcing to Wall Street” – Institutional Investor.