Senior Portfolio Manager
APG Asset Management US Inc.
Department: Focus Equities
Title: Senior Portfolio Manager
Reports to: Head of Fixed Income US/Head of Focused Equities NL
We are seeking a senior investment professional with 10- 15 years experience to help us expand our Concentrated Core portfolio. The best candidate will be a specialist in tech, commercial/professional services, and financials companies, with the flexibility to look at other sectors as necessary. This role will involve deep fundamental analysis, including significant DCF work for our holdings, and extensive management communication. This portfolio is a US equity expansion of our successful European concentrated product and the US team is fully integrated with our European team.
APG Asset Management if a Dutch pension capital investor and has AUM of 471 billion euros (December 2018). APG works for over 30,000 Dutch employers and provides retirement income for 4.5 million participants in the Netherlands. We have ~700 highly qualified employees working from the Netherlands, the USA, and Hong Kong. APG’s average return is approximately 7 percent for the past 20 years.
Focus Team Philosophy:
This individual would be joining the US expansion of the European Focus Team. The current Focus Equities portfolio is a concentrated European portfolio invested in large stakes in listed companies. Our strategy is to be an “engaged” investor, as we think of ourselves more as owners than investors given our 10-year investment horizon and mandate to hold from 3-20% of a company’s capital. We are very team focused, with all portfolio decisions made as a group. This individual would help us expand our portfolio to include US based companies. The combined US and Europe portfolio will manage ~16bn USD.
- Generating investment ideas and discussing investment ideas among the team
- In-depth fundamental company analysis, including ESG aspects, and DCF based valuation
- Making investment proposals to be agreed to by the team
- Engaging with company managements and boards on their long term strategies
The Senior Investment Professional we are looking for is a self-confident actor in the work environment. We are looking for someone that is persuasive, has a high degree of integrity, is a critical thinker, and has the right mindset to be a long-term investor. We also expect that they will have:
- MBA and CFA preferred
- At least 10-15 years of experience in securities analysis with relevant experience in US small and mid-caps
- Excellent communication and negotiating skills
- Team player
- Strong analytical skills
- Travel 10-15%
APG Asset Management US Inc. (APG US) is an equal opportunity employer and does not discriminate against otherwise qualified applicants on the basis of race, color, creed, religion, ancestry, age, sex, marital status, gender identity, gender expression, national origin, disability or handicap, veteran status, sexual orientation or any other classification protected by applicable law.