Sr. Portfolio Manager - Emerging Manager Program
- Employer
- Maryland State Retirement Agency
- Location
- Baltimore, Maryland (US)
- Salary
- $151,685 - $227,528 plus a competitive benefits package
- Closing date
- Feb 14, 2025
View more categoriesView less categories
- Job Function
- Portfolio Management: Alternatives, Portfolio Management: Equities, Portfolio Management: Fixed Income, Private Equity/Venture Capital
- Industry Sector
- Asset Management, Asset Owner, Government
- Employment Type
- Full Time
- Education
- Bachelors
Job Details
The Maryland State Retirement and Pension System is seeking an exceptional individual to serve as Senior Portfolio Manager of the System’s Terra Maria emerging manager program within its Investment Division. The Senior Portfolio Manager reports directly to the Deputy Chief Investment Officer.
The Investment Division is a 50-member team within the System that is responsible for implementing and managing the defined benefit investment program. The team manages investments internally and partners with external firms to manage a globally diversified portfolio that includes public equity, fixed income, credit, absolute return, real assets and private equity. Total plan assets were $70.4 billion as of 9/30/24.
Position Duties:
- Lead the Investment Division’s emerging manager program
- Develop and implement effective tools and systems to efficiently receive, evaluate and monitor inquiries from emerging managers and corresponding communication practices
- Develop and maintain sourcing methodologies and a database of emerging managers across all asset classes
- Develop and maintain a feedback, referral and connection program to maximize the value the System and managers receive from the Terra Maria program
- Develop an evaluation framework for emerging managers across all asset classes
- Conduct research into markets, sectors and regions where emerging managers have demonstrated a history of outperformance
- Research strategies, vehicles and managers to identify the most effective avenue to access emerging managers in each asset class
- Conduct reviews of the manager structure within each asset class and make recommendations to asset class teams regarding the addition of potential emerging managers
- Develop a graduation framework across asset classes to transition emerging managers to larger mandates
- Review existing emerging managers and actively propose graduation candidates to the asset class teams
- Work with the System’s external affairs unit in developing a communications platform to promote the System’s effort in being inclusive and providing access to emerging managers
- Attend emerging manager conferences and host events to promote emerging manager access
- Expand the Terra Maria program to include evaluation of Maryland-based investment opportunities
- Track the System’s exposure to Terra Maria managers and provide regular reporting on the program, in percentage and dollar terms, to the Investment Committee, Board, and General Assembly
- Prepare presentation materials for Investment Committee meetings.
Company
The Maryland State Retirement Agency is the administrator of the Maryland State Retirement and Pension System. The System is a multi-employer, public employees’ benefit retirement system composed of twelve (12) separate retirement and pension systems with additional plan components, covering approximately 200,000 active members and more than 142,000 retires and beneficiaries.
- Location
-
120 East Baltimore Street
12th Floor
Baltimore
MD
21202
US
Sign in to create job alerts
Sign in or create an account to start creating job alerts and receive personalised job recommendations straight to your inbox.
Create alert