DUMAC, Inc. is the investment office that manages a $27 billion portfolio on behalf of Duke University, Duke Health System, Duke Employees Retirement Plan, and The Duke Endowment. DUMAC’s investment performance consistently ranks near the top of its peer group. DUMAC allocates globally across asset classes including venture capital, private equity, hedge funds, real estate, natural resources, derivatives, commodities, equities, and fixed income. DUMAC is located minutes from Duke University in downtown Durham. The Raleigh-Durham metro area is a vibrant, technology-focused region of 2 million residents that regularly lands atop lists of best places to live and work in the U.S. DUMAC staff hail from across the U.S. and around the globe. What are the responsibilities of the analyst? Analysts are involved in all stages of the investment process from sourcing, origination, due diligence, and implementation of investment opportunities, to subsequent monitoring and portfolio management. Analysts will:
- Assist in the identification, evaluation, selection, and monitoring of investment opportunities.
- Perform qualitative and quantitative analysis to evaluate and compare opportunities, risks, and performance of current and potential investments.
- Assist in determining the appropriate asset allocation for DUMAC's portfolio.
- Help maintain the investments database.
- Directly assist the Chief Investment Officer and other investment team members in making critical presentations.
- Draft reports detailing investment recommendations and actions.
- Independently research projects related to portfolio management and new investment areas.
What makes the analyst role a compelling opportunity?
- Broad exposure to a wide range of investment strategies - Analysts will focus on public securities including equities, hedge funds, fixed income, and commodities. Exposure to a wide range of asset classes gives analysts an opportunity to learn about numerous investment strategies.
- Access to the world’s greatest investors - Analysts interact with the best investors in the world. Since investment managers view U.S. endowments as high quality clients, our capital is highly coveted by investment management firms across the globe.
- Responsibility - DUMAC’s small and flat organization provides analysts the opportunity to assume significant responsibility. Analysts may lead manager dialogues and frequently conduct valuable research.
- Culture - The environment at DUMAC is highly collegial. Analysts are encouraged to pursue research projects that could be additive to the investment process and to form and share opinions on managers or markets throughout the process.
- Professional development - DUMAC follows a 3-year analyst program during which analysts have the chance to meet, learn from, and interact with top investment managers. The analyst
position is an exceptional starting point for a career in asset management. DUMAC also provides full financial support for analysts pursuing the Chartered Financial Analyst (CFA) exams.
What makes an endowment unique?
- An infinite time horizon allows the investment team to make very long-term allocations, take positions contrary to popular opinion, and accept volatility.
- Large weightings in emerging markets, commodities, and alternative and illiquid investments (hedge funds, venture capital, private equity, real estate, natural resources, etc.) drive investment performance to a level not obtainable by the vast majority of market participants.
- Bachelor’s degree from accredited college or university attained or expected by May 2022, with an excellent academic record.
- Excellent written and verbal communication skills.
- Strong analytical ability and research skills.
- Proficiency with quantitative tools (e.g., Excel, Crystal Ball).
- Strong time management skills and the ability to handle multiple projects and priorities.
- Ability to work with and contribute to a small, dynamic team.
- High personal integrity and absolute discretion in handling confidential business information.
- Ability to interact with business executives and appropriately represent DUMAC in business social situations.
- Strong interest in investment management, for example, through internships, projects, prior work experience, or personal investing.
For more details on DUMAC, please visit: https://dumac.duke.edu/
OR AN EQUIVALENT COMBINATION OF RELEVANT EDUCATION AND/OR EXPERIENCE
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