Director of Public Markets & Marketable Alternatives

Location
Champaign, IL
Posted
Sep 14, 2017
Institution Type
Four-Year Institution

Close Date: 09/22/2017

Description:

Director of Public Markets and Marketable Alternatives

Chicago, Illinois

Search Deadline Extended

The University of Illinois Foundation (UIF) seeks a dynamic, highly motivated individual for a challenging and interesting position in the Foundation Investment Office located in Chicago, Illinois. UIF is an independent not-for-profit 501(c)3 corporation and it functions as the independent official fundraising and private gift-receiving agency for the University of Illinois and its three campuses. The successful candidate will operate as a key member of the UIF investment team, using knowledge and experience to work closely with the Chief Investment Officer (CIO) of the University of Illinois Foundation (UIF) in managing UIF's public investment programs and assets. Monitors existing UIF investments, external investment managers, and related investment operations in order to identify material developments, changes, deficiencies and opportunities for performance enhancement within the portfolio. Serves as a generalist and back-up to the Director of Private Investments and the CIO on other parts of the portfolio.

Responsibilities:

  • Works closely with the Chief Investment Officer of the University of Illinois Foundation on all aspects of the public markets portfolio. Serves as a back-up manager on other parts of the portfolio.
  • Contributes to the achievement of the Public Investment portfolio's long-term investment objectives through the identification of investment opportunities within area of expertise (all types of public investments and marketable alternatives) and across asset classes as a member of the investment team.
  • Represents the UIF Public Markets portfolio in the broader market to advance the reputation of the UIF Investment program, and builds relationships with GPs, the endowment and foundation community at large, and other key, constituents.
  • Evaluates, leads due diligence, sources and recommends appropriate investments to the CIO and the Investment Team.
  • Assesses general investment market conditions as well as existing UIF investments and operations, in order to identify material developments, changes, deficiencies and opportunities for performance enhancement and make recommendations for modifications to the portfolio as applicable.
  • Ensures that investment performance measurement and reporting within the public portfolio is timely and accurate. Does so in partnerships with Director of Operations and Risk and through management of applicable external vendors and partners.
  • Assists in the preparation of materials for meetings of UIF's Investment Policy Committee (IPC) and full Board as needed, and interacts with and presents to the UIF IPC during regularly scheduled meetings and conference calls.
  • Performs all other duties deemed necessary and desirable to the success of the Investment program and to the Foundation.


Qualifications:

  • A minimum of five years of relevant experience working as part of institutional investment team or with a solid, generalist investment background including allocation and risk management experience: direct public or private institutional investing such as working at a hedge fund, endowment, foundation, corporate pension or public fund, sophisticated family office, fund of fund or consultancy.
  • Bachelor's degree required. CFA and/or MBA or comparable work experience required.
  • Proven record of ability to work alongside a small, entrepreneurial team of five to seven professionals in an open and collegial environment that stresses continuous learning and lack of ego is required.
  • Significant experience in manager research, due diligence and manager selection and implementation required.
  • Proven experience of subject matter expertise and track record of success building and managing a public investment portfolio including but not limited to: Global Public Long only equities, Long/short equity, Opportunistic and value-added, Absolute Return, Distressed, Capital Structure arbitrage, Convertible arbitrage, Inflation-linked bonds, High quality/intermediate long-term sovereign bonds, Cash, and Short duration, is required.
  • A strong desire and curiosity to understand the entire portfolio structure (and not solely the public portfolio) is required.
  • Ability to gain access to desirable investment opportunities through strong network in the public markets investment community is preferred.
  • Effective presentation skills (written and oral) and the ability to conduct a healthy dialogue with key internal and external constituents is required.
  • Desire to support the mission of the University with a clear and expressed understanding of the Foundation's and Investment Office's role in meeting institutional and philanthropic goals.
  • High intellectual standards and strong ethical and moral compass at all times.
  • Ability to work independently without close supervision.
  • Proven ability to assess information and concisely present observations and conclusions in understandable language and format - both verbally and in writing, is required.

Competitive benefit package and compensation based on experience. Comprehensive background check including but not limited to a criminal conviction and credit check will be conducted.

Extended Application Deadline: September 22, 2017

Application Process: For full consideration, please submit a resume and cover letter in confidence to jobs@fpiapartners.com and cite "UIF" in the header of the email. For further information regarding application procedures, contact Foundation Human Resources uifhrsearches@uif.uillinois.edu. Interviews may be conducted before the closing date; however, no hiring decisions will be made until after the closing date.

The University of Illinois Foundation is an Affirmative Action/Equal Opportunity Employer.

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