How to Apply
A cover letter should be attached to your resume and submitted at the time of application.
The University of Michigan’s Office of Investments was established in 1999 to oversee the investment of the University’s financial assets, including the University’s $11 billion endowment. This diversified, multi-asset class portfolio supports the University’s student scholarships, academic and research programs, professorships, and libraries, to name a few of the many endowed fund initiatives.
The primary objective of the office is to optimize the endowment performance, and the University’s other investment programs, such as its working capital pool and gift programs. This includes developing investment policies, the strategic asset allocation, policy and performance benchmarks, and risk management practices. This ensures that the real purchasing power of the endowment’s principal is preserved and maintained, enabling the University to continue to provide strong academic programs and innovative technology.
Reporting directly to the Chief Investment Officer, the successful candidate will be a contributing member of the senior investment team, charged with reviewing and evaluating investment ideas, trends and strategies across the University’s investment portfolio, by building and managing a common framework to identify and manage the primary return drivers/factors across asset classes and investment strategies. The candidate is expected to establish the methodological foundations and build a suite of advanced analytical tools to map the University’s portfolios on the relevant set of drivers; design and apply the appropriate methodological variations to generate valuable insights about specific asset classes including private investments (e.g. private equity, private real estate, venture capital, etc.); identify pathways to integrate the framework outputs and the investment process; generate relevant, valuable and exploitable opportunities to guide investment activities; and initiate/supervise research and analysis designed to better understand macro-economic themes to be used in the portfolio construction process.
The ideal candidate will have a strong background in asset allocation, portfolio strategy and risk management, and will have the ability to partner well with other senior investment colleagues. Additional responsibilities include assisting with development of asset allocation policies as well as portfolio-wide investment and risk management strategies; establishing business and intellectual partnerships within the investment community; training and supervising internal investment managers, associates, analysts, and interns. This is a senior level investment position and will fulfill a leadership role, managing junior investment colleagues.
It is required that the candidate be a proven investor with at least 15 years of experience in the investment industry working for a foundation, endowment, pension plan, outsourced CIO, fund of funds, fund manager or similar institution with a comprehensive knowledge of factor investing principles and a strong background in asset allocation, investment strategy, risk management, statistical analysis and computer programing; a high degree of familiarity and experience with a broad array of investment programs and asset classes (e.g. Hedge Funds, Private Investments, Alternative Beta, etc.); demonstrated broad understanding of the macro-economic and financial environment and of the spectrum of investment risk factors across asset classes and how these factors affect market returns; and a proven ability to manage investment risks in difficult or extreme market conditions; strong academic credentials; robust communication and presentation skills, both spoken and written.
Desired qualifications include: PhD or equivalent advanced degree.
U-M EEO/AA Statement
The University of Michigan is an equal opportunity/affirmative action employer.