Head of Public Equities

Location
Madison, Wisconsin
Salary
Competitive
Posted
Jan 27, 2022
Closes
Feb 26, 2022
Industry Sector
Government
Employment Type
Full Time
Education
Bachelors

OUR AGENCY

Making a Difference

SWIB is a trusted and skilled global investment organization managing the assets of the Wisconsin Retirement System (WRS) and other separately managed funds. With over $140 billion in total assets under management, SWIB has been recognized by the investment industry for its teamwork and innovation that help make it a premier asset manager. Sophisticated investment management strategies, forward-looking technologies, and strong internal asset management make SWIB a leading investment organization.

For public employees in Wisconsin, SWIB is a unique and valuable partner. Investing for the financial security of more than 652,000 individuals – and for the 1,500 Wisconsin employers who contribute on behalf of their employees – SWIB’s strong management of the WRS has helped fuel one of only a few fully funded public pension funds in the country. SWIB’s long-term investment returns meet the challenges of a constantly evolving investment landscape while helping grow and protect the assets of the WRS, the 8th largest public pension fund in the U.S. and the 25th largest public or private pension fund in the world. 

We are a mission-driven organization and the participants we serve are our mission. By bringing a disciplined, prudent, and innovative approach to market opportunities, SWIB has been successful in generating respectable returns and maintaining the trust of the beneficiaries and stakeholders of the funds we oversee.

Join HIGHER PERFORMERS

Home to Top Talent

SWIB is recognized as a premier investment manager because of the highly qualified staff successfully managing the assets of the WRS trust funds. SWIB is committed to investing in talented professionals that will help implement a robust and sophisticated investment strategy to manage over half of the trust fund assets internally and keep the organization at the forefront of the investment industry. As an innovative organization, SWIB offers professional development opportunities to help staff sharpen and expand their skills. Approximately 61 percent of SWIB’s investment professionals are Chartered Financial Analyst (CFA) charterholders.

About the Team

The public equities division has consistently managed $15-20 billion in AUM for SWIB. The division currently has two portfolios consisting of a small-cap and a large-cap portfolio.  All portfolios are driven by stock selection processes that are grounded in a fundamental assessment of the underlying business model 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.                   

Position Overview

Our newly established head of public equities position will be expected to manage a portfolio, provide oversight of our other equity portfolio teams and look for new opportunities to expand the division’s value-added over time.  The role will report directly to our internal public market chief investment officer. The ideal candidate will have a track record of equity investment success, strong communication and leadership skills, and the ability to evaluate investment processes within a collaborative and supportive culture.

Essential activities:

  • Overseeing SWIB’s equity teams – this includes working with their lead portfolio managers to ensure the ongoing quality of their processes and staffing, the clarity of their communications, and the quality of their research and portfolio management.
  • Actively managing a large-cap global equity portfolio for SWIB that outperforms its benchmark over time.  This includes articulating the product’s investment process, ensuring proper staffing, and overseeing the ongoing work to ensure high-quality idea generation and overall portfolio positioning. 
  • Fostering team collaboration including market opportunities/risks and best practices.
  • Working with outside research providers and peer organizations to bring innovation and best practices into SWIB’s equity investing efforts.
  • Sharing views of current market conditions and the investment environment to help inform other internal SWIB investors and improve overall alpha generation across the agency.
  • Nurturing and extending the firm’s culture both informally and formally through their interactions with other staff members. 

The ideal candidate:

  • 15+ years of experience in the management of portfolios focused on equity strategies.
  • Leadership experience in overseeing other investment staff. 
  • Proven track record of investment performance and ability to articulate and consistently execute a comprehensive stock selection and portfolio construction process.
  • Skillset should include fundamental business model and financial statement analysis, familiarity with a variety of valuation methodologies, and an understanding of factor-based risk models.  
  • Able to establish priorities, use independent judgment and make reasoned investment decisions.
  • Great teamwork, collaboration, and stakeholder management skills across the team and SWIB.
  • Well-developed problem-solving, decision-making, and communication skills.
  • Energetic and forward-thinking with high ethical standards and a truly professional approach.
  • Postgraduate qualification and professional designations (CFA, CPA, MBA) preferred.
  • Must be a self-starter, self-motivated, and able to work unsupervised.
  • Strong written and verbal skills.
  • Experience in a performance-driven culture.

SWIB Offers:

  • Competitive McLagan-based total cash 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. 

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