Fund of Hedge Fund Operations Team Member recruitment

AIS is seeking an Investment Operations Specialist to be based in London, UK. Reporting to the Investment Operations team leader, the role will require managing hedge fund data necessary for investment monitoring, analysis, trade execution and post-trade review.

The role can be broken down into the following responsibilities:

Hedge Fund Data Support

• Identification of investment Terms and Conditions (such as liquidity terms, fees, voting rights, new issue eligibility, ERISA eligibility, special investment and redemption instructions) from a review of offering documents, Articles of Association, side letter agreements and investment management agreements.

• Capture of these investment terms in the portfolio management system in order to ensure that they can be modeled accurately

• Upon receipt of Corporate Actions, Proxy votes or fund letters that seek to vary the investment Terms and Conditions, notify and follow up with the Investment team and Legal Compliance on the implications, the instruction of the vote and the capture of updates.

• Reconcile contractual liquidity in the portfolio management system to the hedge funds

• Maintenance of additional hedge fund static and data (contact management, investment fund affiliates and key contact information)

Trade Execution and Reconciliation

• Review trade allocations in order to determine the accuracy of all relevant factors for instructing execution.

• Prepare allocation instructions to instruct the administrator to complete subscription, redemption and transfer agreements

• Capture of trades in the portfolio management tool

• Monitor and follow up collection of redemption proceeds

• Reconciliation of all instructed allocations to final confirmed transactions from investment funds

Reporting

• Produce liquidity views of investment funds across the AIS portfolios for investment decision support purposes.

• Produce compliance packs for the AIS funds’ Boards of Directors as well as for UBS compliance.

Job Requirements

• Experience in Fund of Hedge Fund operations or administration, focusing on:

- Reviewing hedge fund offering documents, side letters, subscription agreements

- Interpreting liquidity terms and modeling contractual liquidity to identify redemption windows applicable to investments

- Reviewing proxy notices and corporate actions to identify alterations to investors rights

- Instructing fund administrators in completion of subscription agreements

- Settlement of hedge fund subscriptions, redemptions, transfers and class switches

- Negotiating secondary market hedge fund transfer transactions

• Experience in investment banking or hedge fund operations a plus focusing on:

- OTC middle office, or

- Convertible bond securities operations reviewing prospectuses

• Strong attention to detail.

• Strong analytical and communication skills.

• Proficient in Excel and in Windows environment.