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The firm manages fixed income, infrastructure, real estate, private equity and hedge fund investments. The US Fixed Income team currently manages $35+ billion in fixed income investments (including investment-grade credit, high yield credit, banks loans and asset-backed securities) and is comprised of 20 professionals who work closely together with their global counterparts.
Based in New York, the Credit Portfolio Manager will be a member of the Credit team (5 investment professionals based in Europe) that currently manages $3+ billion of alternative credit (private debt) strategies across 5-10 different (external) investment mandates. The goal is to grow the size of the Alternative Credit portfolio to $6+ billion in 2021 across 10-20 different (external) investment mandates while maintaining an excellent long-term performance track record. The aim is to provide clients access to a well-diversified portfolio across the following sub strategy segments: 1) Specialty Finance, 2) Private Corporate Credit, 3) Private Structured Credit, 4) Direct Lending, 5) Non-Performing Loans, 6) Distressed Debt / Special Situations and 7) Alternative Credit Alpha (hedge fund related).
The Credit Portfolio Manager will play an important role to achieve ambitious growth and performance targets. The Credit Portfolio Manager will specifically contribute to the growth of alternative credit strategies in the US where the selection and monitoring of external managers is key. During the initial development phase, a number (~10) of existing credit-related hedge fund mandates will be transferred from the Hedge Funds Pool to the Alternative Credits Pool. As such, the initial focus will be on restructuring and renegotiating these existing mandates so that it fits the requirements of the Alternative Credit Pool.
Conduct in-depth analysis of existing credit-related hedge fund mandates which will be translated into detailed investment proposals and recommendations.
Restructure and renegotiate existing credit-related hedge fund mandates.
Facilitate a smooth transfer (from a legal and operations perspective) of these credit-related hedge fund mandates to the Alternative Credit Pool.
Generate ideas for new investment mandates and strategies within Credit.
Establish a network and ongoing dialogue with prospective and existing external fund managers.
Negotiate new investment agreements with external managers.
Act as the primary contact with the external managers for which the portfolio manager has assumed monitoring responsibilities.
Liaise with other internal departments on investment proposals, policies, procedures, risk measurement and compliance related issues.
5+ years of investment experience in US credit markets with relevant experience in external manager selection and monitoring. Knowledge of fund-of-fund hedge fund strategies and structures is an advantage.
Degree (BA/BS) in either finance, economics, or econometrics. A postgraduate degree (ie., MBA or CFA) is preferred.
Strong analytical/quantitative skills and self-initiative to continuously improve existing portfolio management processes and tools.
Strong communication skills, both written and verbal, in order to act as a liaison with external managers.
Proficiency in Microsoft Excel and Bloomberg.
Internal Number: 5788533
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