Partners Capital Investment Group is a global outsourced investment office seeking a talented Investment Associate to support investment activities for our $24 billion client base of institutions, family offices and sophisticated high net worth individuals.
Description of the Company
Partners Capital is a global outsourced investment office serving investment professionals, endowments, foundations and high net-worth families by providing independent advice on asset allocation and access to leading asset managers across all asset classes and geographic markets.
The firm was founded in 2001 by investment professionals seeking an independent and conflict-free adviser to provide portfolio construction advice and rigorous analysis of investment opportunities. From its initial focus as the "money managers to the money managers" with a base of 70 clients, Partners Capital has grown to become an adviser to endowments, foundations, prominent family offices and successful entrepreneurs across the US, UK, Europe and Asia. Our clients include senior partners at leading asset management firms such as Bain Capital, Blackstone, Apax and Summit Partners, as well as executives, entrepreneurs and institutions, including several Oxford and Cambridge University college endowments, INSEAD business school and other respected endowments and charitable foundations. Our clients tend to be among the most sophisticated investors in the world, possessing a sound understanding of investment principles with experience across all asset classes.
Partners Capital offers customized outsourced investment solutions to our clients. Most relationships involve managing “full balance sheet” multi-asset class portfolios, though we also work on select specialist mandates, such as Private Equity investing.
Our investment philosophy embraces many of the powerful diversification benefits of the "endowment model", but with a more dynamic approach to asset allocation that clearly delineates expected performance derived from market factors (“beta”) from the skill of individual managers (“alpha”).
Our clients expect that we will engage in a sophisticated dialogue regarding portfolio performance, strategies and investment opportunities. Accordingly, all investment professionals at the firm are expected to have a well-rounded set of skills across client investment strategy development and investment research, which are honed in an environment of learning and innovation. We encourage daily interactions with senior members of the team and as a result, our organizational structure offers our professionals a diverse and challenging balance of activities.
Investment Associate Responsibilities
We are looking for a talented Investment Associate to join our team. The Investment Associate will be a critical part of teams that manage multi-asset class client portfolios and research investment opportunities for inclusion in our portfolios. As a rapidly-growing firm, we seek new team members who are dynamic and comfortable working in a fast-paced entrepreneurial environment.
Client Portfolio Management (50%): The Investment Associate will form part of a team that serves as an Outsourced Investment Office for clients and will support investment strategy development and portfolio management. The Associate will aid in client review meeting preparation by managing clients’ balance sheets, preparing asset allocation analyses and recommendations, selecting managers for investment and reviewing performance. Client portfolio management requires a strong grasp of complex investment strategies and portfolio theory, strong technical skills and an ability to produce client- ready work on tight deadlines, often while working on several tasks concurrently.
Investment Research (50%): The Investment Associate is involved in all stages of asset manager due diligence and monitoring. The Investment Associate will be responsible for conducting deep qualitative (e.g. understanding strategy, portfolio construction and business structure) and quantitative (e.g. historical performance analysis and risk exposures) analyses on prospective asset managers. The role requires strong Excel modelling skills, the ability to understand complicated investment strategies and professional gravitas.
Investment Associate Qualifications
The ideal candidate will have 1-3 years of experience in asset management, investment banking, consulting, or a related field. The candidate will have an active passion for investing and strong quantitative and problem-solving skills. The candidate must possess an outstanding track record of accomplishments and excellence evidenced by detail-orientation and superior oral and written communication skills. Our dynamic, collaborative culture requires a flexible entrepreneurial attitude and an appetite for tackling challenging projects, while offering the chance to quickly make an impact. Our team members need to be comfortable and confident interacting with business leaders and sophisticated asset managers. The candidate is expected to have an undergraduate degree from a top institution and a strong record of academic achievement.
Compensation & Professional Development
Our salary and benefits package is competitive and includes a base salary, a performance-based cash bonus and a deferred compensation program directly linked to firm profitability, designed to support retention and incentivize long-term employees. Partners Capital is committed to the development of its staff and provides extensive on-the-job learning and training opportunities. We also support pursuit of professional certifications such as the Chartered Financial Analyst (CFA), Chartered Alternative Investment Analyst (CAIA), etc.
Further information about Partners Capital is available on our website at http://www.partners-cap.com