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INVESTMENT ANALYST, DUMAC

Employer
Duke University
Location
DUMAC, LLC

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Employment Type
Full Time
Institution Type
Four-Year Institution
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Job Details

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.

Desired qualifications

  • 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/

Minimum Qualifications

Education

Bachelor's degree.

Experience

OR AN EQUIVALENT COMBINATION OF RELEVANT EDUCATION AND/OR EXPERIENCE

Duke is an Affirmative Action/Equal Opportunity Employer committed to providing employment opportunity without regard to an individual's age, color, disability, gender, gender expression, gender identity, genetic information, national origin, race, religion, sex, sexual orientation, or veteran status.

Duke aspires to create a community built on collaboration, innovation, creativity, and belonging. Our collective success depends on the robust exchange of ideas—an exchange that is best when the rich diversity of our perspectives, backgrounds, and experiences flourishes. To achieve this exchange, it is essential that all members of the community feel secure and welcome, that the contributions of all individuals are respected, and that all voices are heard. All members of our community have a responsibility to uphold these values.

Essential Physical Job Functions: Certain jobs at Duke University and Duke University Health System may include essentialjob functions that require specific physical and/or mental abilities. Additional information and provision for requests for reasonable accommodation will be provided by each hiring department.

Organization

Read our Diversity Profile History

Duke University was created in 1924 by James Buchanan Duke as a memorial to his father, Washington Duke. The Dukes, a Durham family that built a worldwide financial empire in the manufacture of tobacco products and developed electricity production in the Carolinas, long had been interested in Trinity College. Trinity traced its roots to 1838 in nearby Randolph County when local Methodist and Quaker communities opened Union Institute. The school, then named Trinity College, moved to Durham in 1892, where Benjamin Newton Duke served as a primary benefactor and link with the Duke family until his death in 1929. In December 1924, the provisions of indenture by Benjamin’s brother, James B. Duke, created the family philanthropic foundation, The Duke Endowment, which provided for the expansion of Trinity College into Duke University.Duke Campus

As a result of the Duke gift, Trinity underwent both physical and academic expansion. The original Durham campus became known as East Campus when it was rebuilt in stately Georgian architecture. West Campus, Gothic in style and dominated by the soaring 210-foot tower of Duke Chapel, opened in 1930. East Campus served as home of the Woman's College of Duke University until 1972, when the men's and women's undergraduate colleges merged. Both men and women undergraduates now enroll in either the Trinity College of Arts & Sciences or the Pratt School of Engineering. In 1995, East Campus became the home for all first-year students.

Duke maintains a historic affiliation with the United Methodist Church.

Home of the Blue Devils, Duke University has about 13,000 undergraduate and graduate students and a world-class faculty helping to expand the frontiers of knowledge. The university has a strong commitment to applying knowledge in service to society, both near its North Carolina campus and around the world.

Mission Statement

Duke Science"James B. Duke's founding Indenture of Duke University directed the members of the University to 'provide real leadership in the educational world' by choosing individuals of 'outstanding character, ability, and vision' to serve as its officers, trustees and faculty; by carefully selecting students of 'character, determination and application;' and by pursuing those areas of teaching and scholarship that would 'most help to develop our resources, increase our wisdom, and promote human happiness.'

“To these ends, the mission of Duke University is to provide a superior liberal education to undergraduate students, attending not only to their intellectual growth but also to their development as adults committed to high ethical standards and full participation as leaders in their communities; to prepare future members of the learned professions for lives of skilled and ethical service by providing excellent graduate and professional education; to advance the frontiers of knowledge and contribute boldly to the international community of scholarship; to promote an intellectual environment built on a commitment to free and open inquiry; to help those who suffer, cure disease, and promote health, through sophisticated medical research and thoughtful patient care; to provide wide ranging educational opportunities, on and beyond our campuses, for traditional students, active professionals and life-long learners using the power of information technologies; and to promote a deep appreciation for the range of human difference and potential, a sense of the obligations and rewards of citizenship, and a commitment to learning, freedom and truth.Duke Meeting

 “By pursuing these objectives with vision and integrity, Duke University seeks to engage the mind, elevate the spirit, and stimulate the best effort of all who are associated with the University; to contribute in diverse ways to the local community, the state, the nation and the world; and to attain and maintain a place of real leadership in all that we do.”

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