Investment Analyst - Alternative Investments (Research)
The Investment Analyst plays a vital role in a variety of research functions working in coordination with the private markets investments team to conduct in-depth analysis of potential investments. This role will focus primarily on hedge fund investments, but will likely assist in other manager research assignments as well. The ideal candidate should have a strong background in manager research and have robust quantitative skills appropriate to assessing and building a book of hedge fund investments. Additionally, the ideal candidate will have been exposed to both traditional and alternative investment approaches and worked as part of a team at an Endowment, Foundation, Pension Fund or other institutional LP setting.
The candidate will conduct manager sourcing and diligence activities covering hedge funds (including multi-strategy, global macro, event driven, credit, relative value, and long-short equity) and to a lesser extent will assist with liquid traditional investment opportunities. The analyst will be researching investment opportunities for institutional pools of capital (Endowments, Foundations, operating reserves, etc.) and all investing is done generally into primaries, secondaries, co-investments, or SMAs (no direct investments in house).
Candidates should have a solid understanding of the macroeconomic environment and be able to select investment opportunities thematically and opportunistically based on the best opportunity sets in different market environments. The ideal candidate will also have a good understanding of asset allocation considerations in managing institutional portfolios.
What you will do:
Manager Research & Diligence
- Participate in manager/fund sourcing and diligence efforts as assigned, establishing a strong sourcing and referral network, and maintain a robust pipeline of alternative investment managers, funds, and co-investment opportunities for area of coverage.
- Assist in the development of investment themes, identification of market inefficiencies, dislocations and other attractive investment opportunities across alternative investments on a global basis that are considered liquid or semi-liquid.
- Participate as a deal team member across all areas of alternative investment strategies (including equity, debt, real assets, hedge funds) by actively participating in meetings with other analysts/senior analysts to provide feedback, challenge investment thesis, and review other’s work.
- Actively diligence co-investment opportunities alongside fund investments, when available.
- Maintain advanced skills on all analytical tools and reporting applications to support the investment management and research process.
- Actively participate in macroeconomic discussions, developing convictions and providing relative assessment of investment opportunities by completing a quarterly heat map and contributing to our thematic investing strategy.
- Develop market information, analysis and insights concerning factors influencing performance of managers/funds and client accounts.
- Maintain strong working relationship with each manager and fund under assignment for the purpose of building strategic relationships and facilitating all ongoing portfolio management diligence and reporting needs including meeting coordination, etc.
- Initial and ongoing ranking of all managers (existing and select pipeline opportunities) within established, proprietary manager ranking system.
- Prepare detailed and thorough investment recommendation memos on investments.
- Ensure that all research meeting notes are properly documented in a standardized form and in a timely manner.
- Organize investment manager due diligence records in a manner that is easily and efficiently accessible by other members of the portfolio management team, including both manager call notes, opinion documents, research briefs, recommendation memos and research collected from external sources.
- Produce quarterly manager reports on all assigned strategies including an update on performance drivers, positioning, market outlook, firm/strategy update, analyst conclusions and follow-up items.
- Update investment liquidity models for funds under coverage.
- Work with the legal, compliance and finance professionals in the due diligence process to fully understand all diligence requirements and adherence to stated policies.
- Establish and maintain manager mandates/guidelines (as applicable).
What you will need:
- Bachelors Degree.
- Interest in pursuing MBA or similar graduate-level degree.
- Working on or have already attained Chartered Financial Analyst (CFA) designation, preferred
- Working on or have already attained Chartered Alternative Analyst (CAIA) designation, preferred.
- At least 4 years in the investment industry.
- At least 2 years directly applicable experience (with hedge funds)
- Strong understanding of private markets and various investment vehicles, strategies and terminology.
- Utilization of and strong understanding of quantitative evaluation methods and statistical measures necessary for thorough investment analysis.
- Ability to effectively communicate both orally and in writing to investment managers, internal staff, investment consultants, and third-party vendors.
- Ability to conduct independent research and develop well thought-out conclusions/recommendations.
- Excellent analytical skills.
- Solid PC skills including spreadsheet and internet capabilities.
- Experience working in Solovis is a plus.
- Experience working with Preqin is a plus.
- Must have complete confidentiality regarding GuideStone business matters.
- Membership in evangelical Christian church required.