Senior Portfolio Manager / Public Equities recruitment
Portfolio responsibilities and manager oversight
• Participate in the public equity manager selection process; conduct due diligence
• Monitor managers to ensure that performance expectations are met
• Collect, verify and analyze manager portfolio holdings data
• Identify portfolio risk and style characteristics
• Monitor manager cash positions and flows
• Maintain regular contact with managers
• Develop and recommend funding schedules for managers when required
• Evaluate portfolio structure; make recommendations to CIO in the contexts of both a particular manager as well as in the overall public equity portfolio
• Develop, recommend, and implement rebalancing and restructuring plans
• Establish and maintain relationships with current and prospective managers
• Maintain current and prospective manager data to identify developments concerning their other clients and constituencies
• Compare existing or prospective managers with similar mandates, and market indices
• Monitor changes in manger personnel, processes or strategy
• Examine contract terms and fee arrangements, recommend changes to CIO Compare existing or prospective managers with similar mandates, and market indices
• Help General Counsel to monitor managers to ensure adherence to contractual obligations and compliance with all relevant legal matters
• Prepare regular and ad hoc reports on manager matters
• Respond to inquiries regarding the Fund’s public equity portfolio
• Work closely with custodian when public equity portfolios are affected
• Make presentations at Board of Trustee meetings
General investment responsibilities
• Work with other internal portfolio managers (equity, fixed income, private markets and real estate) when public equity management affects other asset classes e.g., rebalancing, dividend pay-out
• Participate in strategic planning sessions, and recommend new strategies, or concepts for consideration
• Attend management committee meeting when requested by CIO when pertinent to public equity portfolios and policy
• As a key member of the investments department staff, handle occasional matters that are not directly related to public equities
Supervising
- Assign work to, and review work of staff
- Assist staff in prioritizing tasks, projects
- Provide training internally, recommends external training
- Update the job descriptions of public equity staff positions as needed
- Develop staff position goals and objectives
- Conduct quarterly position review as needed, and annual performance evaluations
- Recommend salary adjustments/merit increases for staff
- Supervise staff in all administrative matters in compliance with APFC policy
- Encourage team participation and independent thought
- Report to CIO on achievements/challenges of the position
- Develop communication skills to effectively communicate department and corporate goals to the team
- Develop supervisory skills through informal and formal supervisor training opportunities