Job Title: Full-Time Investment Manager Research Analyst Department: Private Fund Investments (Fund of Private Equity Funds) Minimum Relevant Experience: 3-5 years+ in a Manager Selection role (preferably in PE Fund selection or Alternatives Fund selection) Reporting to: Head of Private Markets FoF (& other senior investment team members as required) Business Description: London-based Global investment manager, investing across private equity directs and funds, public equity, fixed income, alternatives and real estate.
The PE Fund of Funds team specifically is responsible for sourcing and investing the clients' capital across the best available third-party private equity funds and sourcing co-invest flow from such relationships.
Purpose of the Role: The Manager Selection Analyst role sits within the Investment Management Team based in London.
This role will support the Head of Private Markets FoF and team in the implementation of external manager research and monitoring activities covering a range of strategies across mainly private markets.
The role requires the successful candidate to build strong working relationships with both the internal investment team and third-party managers.
This manager selection role will be exposed to a number of Private Equity and Alternatives Strategies, e.g.
VC, Buyout, Growth Equity, Credit, Real Estate, sector specific funds.
This role can also be expanded over time to assist in Hedge Fund manager selection programme and support less liquid fixed income fund strategies.
Main Duties and Responsibilities: Idea Generation and Research Identify, research and recommend private equity managers in assigned areas of coverage Use and further develop the quantitative screening tools (including conducting public and private markets benchmarking analysis) Produce relevant quantitative analysis to supplement the qualitative due-diligence process across existing and new investments Participate in the fund manager due diligence process including in-house meetings and on-site visits (where necessary) Detailed review of Datarooms and conducting best in class operational due diligence reviews and manager references (where appropriate) Write research reports on existing and/or potential managers and update existing reports with any news or new developments, which could impact the investment thesis Prepare recommendations for inclusion of funds for the IC approval and over time be involved in sourcing of new manager relationships Assist in review of commercial and legal agreements (e.g.
Limited Partnership Agreements, Prospectuses, Side Letters) together with the in-house Legal team Draft and prepare all required documents for the IC and support and monitor the execution of legal and financial terms (including managing approval process of Aifm managers/administrators as relevant) Ensure investment due-diligence processes are followed, including the recording/filing of relevant documentation Collaborate pro-actively alongside other team members to enhance the team's idea generation and evaluation processes, systems and tools Assist the team in sourcing and evaluating co-investment opportunities alongside the Direct Private Equity team Monitoring Prepare and present quarterly performance reports and ad-hoc updates to the IC and pipeline investments Monitor and assess managers' performance, produce and interpret attribution analysis and provide overall summaries Bring to the team's attention any changes at the manager level such as key personnel changes, style drift or any material impact to the original investment thesis Support all investment activities and ensure that they comply with the agreed investment guidelines Carry out any other similar or related duties as assigned by line manager Ensure monitoring processes are followed, including the recording of relevant documentation Periodic review of capital account statements (review of NAV, fees, expenses and overall performance KPI metrics) Periodic review of cashflow forecasts (expected capital calls to advise on overall liquidity management) Liaise with the Operations Team for flow of information / quarterly reporting Preparation and sourcing of ad hoc industry / sector reports to support colleagues Conducting regular (minimum quarterly) manager update calls/meetings (in person or via Zoom/Teams) and preping team in advance of the meetings Education: Degree level educated preferably gained within a finance or economics related discipline Possession of post-graduate qualification or professional accreditation (MBA, CFA, CAIA or equivalent) is an advantage Experience: Significant (at least 3-5 years) experience of fund manager research or related (either in Private and/or Public equities) at an investment house / Family Office or Consultancy Experience of interviewing fund managers, researching investment opportunities, analysing performance data and presenting to Investment Committees or portfolio managers Applicable financial markets and/or institutional fund manager experience Technical Expertise / Skills / Knowledge: Strong working knowledge of investment strategies, capital markets and relevant fund manager universes Experience across a range of asset classes / strategies, liquid and illiquid is an advantage Show intellectual curiosity; be open to challenge and comfortable presenting and debating investment ideas with colleagues Highly inquisitive approach to scrutinizing track records Good listening and questioning skills as a significant part of the research process is conducted through interviewing fund managers Excellent written and analytical skills and an ability to produce clear and articulate investment recommendations In-depth understanding of private equity investments Strong quantitative and analytical skills, detail orientation, problem solver, ability to synthesise data to make relevant and logical inferences.
Knowledge of financial accounting, corporate governance rules, investment valuation techniques, investment styles/factors and statistics Be proactive and embrace a 'to-do' and 'can-do' attitude with a commitment to learning Ability to use different information systems (Bloomberg, Factset, Morningstar, Pitchbook, Preqin etc) Fluent in both written and spoken English Excellent skills in Excel, Powerpoint, Word Compensation: Remuneration will be commensurate with the duties and demands of the role and the experience of the candidate Combination of base salary and variable annual cash bonus Attractive benefits package (e.g.
private pension, health cover etc) Application Process: Please apply via linked-in only (do not contact individual team members directly or skip the linkedin screening questions), providing details of your Resume and a brief cover email of why you could potentially for the above profile We will aim to contact successfully screened candidates for interviews within a few weeks but due to volume of applications please allow for some time
Year End Accountant Employer Location City of London, London, England Salary - per annum + Up to £60,000 with a bonus Closing date 21 Nov 2024 View more cate...
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