Join to apply for the Associate Director, Public Markets role at Commonfund
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Join to apply for the Associate Director, Public Markets role at Commonfund
This range is provided by Commonfund. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.
Base pay range
$140,000.00/yr - $160,000.00/yr
Direct message the job poster from Commonfund
Commonfund is an investment management firm serving the institutional market with a particular focus on the nonprofit sector including endowments, foundations, healthcare organizations, and other mid-sized institutions. Commonfund was founded in 1971 with a two-part mission: to create investment solutions for nonprofits that previously did not have the scale and access to high-quality investment managers and to develop educational programs that would bring current best practices to institutional investors of all sizes and segments.
Commonfund has changed and grown dramatically over the years, expanding its investment solution offerings and the client segments served. Today, Commonfund manages approximately $28 billion on behalf of almost 1,700 institutions with a focus on three primary activities: Outsourced solutions (Commonfund OCIO); private capital solutions (CF Private Equity); and research and advice on various investment and governance topics through the Commonfund Institute.
Commonfund OCIO provides total portfolio management for endowment and foundation, and broader non-profit clients. Our total institutional approach to investment management involves addressing wide-ranging factors that extend well beyond portfolio management. We apply the endowment model of investing to institutional portfolios and provide investment flexibility by using independent sub-advisers for discretionary and non-discretionary outsourcing engagements. Our programs incorporate active and passive strategies in equities, fixed income, hedge funds, real assets, and private capital. Commonfund’s website, provides a more detailed overview.
The Position
The successful candidate will be a member of the investment research team with responsibility for sourcing, evaluating and recommending investment opportunities for the long only equities and hedge fund portfolios across the firm’s co-mingled and direct client accounts totaling $9 billion inassets under management. With a new CIO taking a fresh look at the portfolios, this is an exciting opportunity to assist in managing existing portfolios as well as sourcing new investment opportunities. This person will be part of a collaborative investment team focused on managing concentrated, best-in-class portfolios, managing and maintaining long-term relationships with a core set of investment partners, and developing new manager relationships. This person will be a thought leader who embraces mentorship, cross-functional collaboration, and a team-oriented decision-making process. Someone who is proactive, embraces continuous learning, and is an independent thinker will excel in this role.
Responsibilities
Specific responsibilities for the Associate Director, Public Markets role include:
- Sourcing and maintaining a pipeline of investment opportunities and funds that will generate exceptional returns for the firm’s clients.
- Conducting thorough due diligence on the most compelling prospective opportunities including analysis of investment strategy, process, portfolio positions, organization, performance, and risk factors.
- Closely monitoring the investment decisions and portfolio positions of existing public equity and long/short equity managers.
- Contributing pertinent questions and opinions on investment opportunities across the entire portfolio.
- Preparing and presenting investment memoranda to the team and the Investment Committee for review and approval.
- Staying current on investment trends, communicating proactively with colleagues and building and maintaining a network within the allocator and manager communities.
- Maintaining the team’s reputation for professional excellence and credibility both inside the organization and throughout the investment management community.
- Engaging with clients and prospects to communicate Commonfund’s investment philosophy, process, and portfolio construction.
Professional Experience / Qualifications
The successful candidate will possess a minimum of 6 years of experience which have been spent in manager selection and portfolio construction ideally covering long-only and hedge fund vehicles with a focus on equities within an endowment, foundation, OCIO, family office, or institutional asset manager. Additional qualifications include:
- A track record of innovation and independent thought when it comes to investments; investor mindset!
- Highly collaborative, team-oriented, a good listener, with strong interpersonal skills and a demonstrated ability to work effectively with a variety of constituencies, including sophisticated investment professionals and other organizational colleagues.
- Excellent verbal and written communication and presentation skills, including the demonstrated ability to articulate ideas and issues clearly and concisely, incorporating both qualitative and quantitative factors.
- Ability to balance independence and self-sufficiency with effective team communication and assimilation of assigned priorities and group goals.
- Ability to integrate strong qualitative and quantitative analyses in investment evaluations and recommendations.
- Well-developed manager relationships globally in public market sub-asset classes and strategies.
- Ability to build and utilize a personal network of industry contacts and content platforms to source new investment opportunities and share industry best practices.
- Possess the highest standards of personal and professional ethics and integrity.
- Enthusiasm for being part of the organization, with sincere enthusiasm to support the mission of Commonfund and its non-profit clients.
- Strong academic credentials. Undergraduate degree with an emphasis on Finance, Economics, Mathematics or a related field. Chartered Financial Analyst (CFA)/Chartered Alternative Investment Analyst (CAIA) designation is preferred.
Location
This position can be based in either our Wilton, CT or New York, NY with the requirement to be in the Wilton office 2 days per week. The Wilton office is moving to Merritt 7, Norwalk in the fall of 2025.
Seniority level
Seniority level
Mid-Senior level
Employment type
Employment type
Full-time
Job function
Job function
FinanceIndustries
Investment Management
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Inferred from the description for this job
Medical insurance
Vision insurance
401(k)
Paid paternity leave
Paid maternity leave
Tuition assistance
Disability insurance
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